BCCI paid Rs 2,038 crore GST in FY23, FY24
PTI, Aug 6, 2024, 4:23 PM IST
New Delhi: Gross GST revenue collection from BCCI during 2022-23 and 2023-24 fiscal years was Rs 2,038.55 crore, Parliament was informed on Tuesday.
Minister of State for Finance Pankaj Chaudhary said BCCI, which is the apex body for the promotion of cricket in India, is an autonomous body registered under the Tamil Nadu Societies Registration Act, 1975.
“Services by way of admission to sporting events like Indian Premier League attract GST @ 28 per cent. During Financial Years 2022-23 and 2023-24, Gross GST revenue collection from BCCI was Rs 2,038.55 crore,” Chaudhary said in a written reply in the Rajya Sabha.
He said the Income Tax department has denied tax exemption to BCCI under Section 11 of the I-T Act, and the matter is now sub judice. Section 11 of the I-T Act deals with charitable institutions.
BCCI is claiming exemption under section 11 of the Income Tax Act, 1961. However, during assessment proceedings, the exemption is being disallowed by the Income Tax department.
“The issue of the BCCI’s tax exemption is currently sub judice. Further, there is no direct tax proposal pending in this regard, at present,” Chaudhary said.
BCCI does not receive any grants from any scheme of the Ministry of Sports, he added.
In reply to a separate question, Chaudhary said from July 2017 to June 2024, the number of GST evasion cases booked by Central Tax formations in Gujarat was 13,494. The amount of GST evasion was about Rs 52,394 crore, involving the arrest of 214 persons.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
It’s bizarre, sends wrong signal: Sidhu on Rohit missing final Test
New day, same story: ‘King’ Kohli fails again; India collapse to 185
Sydney Test: Kohli fails again, Pant fights as India crawl to 107 for 4 at tea
No denying it: Smith ‘100%’ certain he got his hand under Kohli’s catch
We’ve probably seen Rohit Sharma for last time in Test cricket: Gavaskar, Shastri
MUST WATCH
Latest Additions
LPG tanker overturns on Coimbatore flyover in TN, officials avert major tragedy
Mangaluru: Illegal flexes and banners return to city streets
Actor Allu Arjun granted regular bail in theatre stampede case by local court in Hyderabad
BPSC exam row: Protests continue to rock Bihar as demonstrators disrupt traffic movement
Leopard sightings in Venur cause alarm; Forest officials install traps
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.