Nil GST on Services by sponsorship of sporting events organised by a national sports federation

 

Services by way of sponsorship of sporting events organised by a national sports federation is exempted from paying GST

 

Nil GST on Services by sponsorship of sporting events organised by a national sports federationWhat is the concessional rate of GST on Services by way of sponsorship of sporting events organised by a national sports federation, or its affiliated federations, where the participating teams or individuals represent any district, State, zone or Country? Does Services by way of sponsorship of sporting events organised by a national sports federation, or its affiliated federations, where the participating teams or individuals represent any district, State, zone or Country fall under GST exempted items? Should I need to pay GST on services by way of sponsorship of sporting events organised by a national sports federation, or its affiliated federations, where the participating teams or individuals represent any district, State, zone or Country?

 

As per GST Law 2017, there is no GST payable on Services by way of sponsorship of sporting events organised by a national sports federation, or its affiliated federations, where the participating teams or individuals represent any district, State, zone or Country.
So the rate of GST payable on Services by way of sponsorship of sporting events organised by a national sports federation, or its affiliated federations, where the participating teams or individuals represent any district, State, zone or Countryis nil rate.

 

The GST Council has broadly approved the GST rates for goods at nil rate, 5%, 12%, 18% and 28% to be levied on certain goods. According to GST slabs, the most essential goods and services fall under the exempt list while Commonly used Goods and Services have been put in the lowest tax bracket of 5 per cent. Standard Goods and Services are in 12 per cent tax bracket, the government has kept a large number of items under 18% tax slab. only Special category of Goods and Services including luxury goods fall in the top tax bracket of 28 per cent. Luxury goods and services and certain specific goods and services attract additional cess than 28% GST

 

This information is about GST on Services by way of sponsorship of sporting events organised by a national sports federation, or its affiliated federations, where the participating teams or individuals represent any district, State, zone or Country. Would you like to add more information about GST rate tariff on Services by way of sponsorship of sporting events organised by a national sports federation, or its affiliated federations, where the participating teams or individuals represent any district, State, zone or Country? Share below your comments about Goods and Service Tax levied on Services by way of sponsorship of sporting events organised by a national sports federation, or its affiliated federations, where the participating teams or individuals represent any district, State, zone or Country.

 

The above details about GST rate tariff on Services by way of sponsorship of sporting events organised by a national sports federation, or its affiliated federations, where the participating teams or individuals represent any district, State, zone or Country is only for information.

 

The validity of above information and amendments about GST rate on Services by way of sponsorship of sporting events organised by a national sports federation, or its affiliated federations, where the participating teams or individuals represent any district, State, zone or Country may be verified before any business dealing.

 

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