IPL

GST Special: Major differences Between Service Tax and GST

Goods and Services Tax - The Government is trying its best to bring into effect the GST Law on 1st July 2017. Seeing at the close encounters during the current IPL, tell me what will happen if a match is to be played between GST and Service tax?...

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IPL controversy – a classic example of complications in dealing with a corporate dispute

Goods and Services Tax - Many in this country including the corporates are closely watching the IPL controversy and it had led Mr.Shari Tharoor to submit his resignation. There are many interesting issues in the entire episode and I want to highlight few issues as a classic example of complications in dealing with corporate issues....

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Govt expects over Rs 300 crore TDS and service tax from IPL-4

Goods and Services Tax - Government is expected to collect more than Rs 300 crore in taxes from the fourth edition of the Indian Premier League T20 cricket tournament which will begin in April this year. According to sources, the taxes would be obtained as Tax Deducted at So...

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Tax officials to keep a close watch on IPL auction proceedings

Goods and Services Tax - Enforcement and tax officials will keep a close watch on the proceedings of players auction for IPL-4 which will see as many as 350 top cricketers from India and abroad go under the hammer in Bangalore later this week. The financial dealings and investments of the earlier editions of IPL are already under the scanner of agencies like the ...

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Income Tax dept gets info on IPL finances from UK, Mauritius

Goods and Services Tax - The Income Tax department has got substantial information from the UK and Mauritius on overseas accounts of "non-residents" who invested in the cash-rich IPL after months of communication with the two countries. The department, as part of its probe into financial dealings in the T20 tournament, has also sent official requests to Switzerla...

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IT Department is conducting Investigations of IPL Irregularities

Goods and Services Tax - The Income Tax Department is conducting investigations in the case of BCCI-IPL and the franchisees to ascertain the source of investments by the teams, taxability of the income earned, taxability of the award of media rights and to detect violation ...

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Indian Cricket Board refuses to give Rs 100 crore donation to CWG Oraganising Committee

Goods and Services Tax - After a meeting of its Working Committee at the Cricket Centre here, the BCCI said it would not be able to extend financial help to the October 3 to 14 event, the build-up to which has been marred by construction delays and now allegations of money laundering....

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GST on Complimentary IPL Tickets- Kings XI Punjab withdraws AAR Application

In re Kph Dream Cricket Pvt. Ltd (GST AAR Madhya Pradesh) - Whether free tickets given as Complimentary tickets by Kings XI Punjab for IPL Matches falls within the definition of supply under the CGST Act, 2017 and thus whether the Applicant is required to pay GST on such free tickets?; Whether the Applicant is eligible to claim Input Tax Credit (for short I...

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IPL Sponsorship expenses allowable as Revenue Expenditure

ACIT Vs M/s.Samudra Developers Pvt. Ltd. (ITAT Mumbai) - expenditure incurred for organizing sports events are allowable items of revenue expenditure as such events publicise the names of the sponsor....

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Recent Posts in "IPL"

GST on Complimentary IPL Tickets- Kings XI Punjab withdraws AAR Application

In re Kph Dream Cricket Pvt. Ltd (GST AAR Madhya Pradesh)

Whether free tickets given as Complimentary tickets by Kings XI Punjab for IPL Matches falls within the definition of supply under the CGST Act, 2017 and thus whether the Applicant is required to pay GST on such free tickets?; Whether the Applicant is eligible to claim Input Tax Credit (for short ITC) in respect of complimentary tickets?...

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IPL Sponsorship expenses allowable as Revenue Expenditure

ACIT Vs M/s.Samudra Developers Pvt. Ltd. (ITAT Mumbai)

expenditure incurred for organizing sports events are allowable items of revenue expenditure as such events publicise the names of the sponsor....

Read More

GST Special: Major differences Between Service Tax and GST

The Government is trying its best to bring into effect the GST Law on 1st July 2017. Seeing at the close encounters during the current IPL, tell me what will happen if a match is to be played between GST and Service tax?...

Read More

Govt expects over Rs 300 crore TDS and service tax from IPL-4

Government is expected to collect more than Rs 300 crore in taxes from the fourth edition of the Indian Premier League T20 cricket tournament which will begin in April this year. According to sources, the taxes would be obtained as Tax Deducted at So...

Read More

Tax officials to keep a close watch on IPL auction proceedings

Enforcement and tax officials will keep a close watch on the proceedings of players auction for IPL-4 which will see as many as 350 top cricketers from India and abroad go under the hammer in Bangalore later this week. The financial dealings and investments of the earlier editions of IPL are already under the scanner of agencies like the ...

Read More

Income Tax dept gets info on IPL finances from UK, Mauritius

The Income Tax department has got substantial information from the UK and Mauritius on overseas accounts of "non-residents" who invested in the cash-rich IPL after months of communication with the two countries. The department, as part of its probe into financial dealings in the T20 tournament, has also sent official requests to Switzerla...

Read More

IT Department is conducting Investigations of IPL Irregularities

The Income Tax Department is conducting investigations in the case of BCCI-IPL and the franchisees to ascertain the source of investments by the teams, taxability of the income earned, taxability of the award of media rights and to detect violation ...

Read More

Indian Cricket Board refuses to give Rs 100 crore donation to CWG Oraganising Committee

After a meeting of its Working Committee at the Cricket Centre here, the BCCI said it would not be able to extend financial help to the October 3 to 14 event, the build-up to which has been marred by construction delays and now allegations of money laundering....

Read More

Service tax department issues 32 show cause notices to IPL franchises

After the income tax (I-T) department raising a demand of over Rs 600 crore from the Board of Control for Cricket in India (BCCI), the service tax department, another arm of the finance ministry, has slapped as many as 32 show cause notices on Indian Premier League (IPL) franchises for alleged duty evasion to the tune of nearly Rs 64 cror...

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MCA may initiate further probe into the IPL franchisees

The Corporate Affairs Ministry today said it may initiate further probe into the IPL franchisees caught in the middle of a controversy over ownership pattern and bidding process. The Ministry is analysing the reports submitted by the Registrar of Companies (RoCs) on 10 IPL franchisees. The reports include details on the bidding process, ...

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