No GST on Services by way of sponsorship of sporting events organised by ASGFI

 

Services by way of sponsorship of sporting events organised by Association School Games Federation of India attracts no GST

 

No GST on Services by way of sponsorship of sporting events organised by ASGFIIs Services by way of sponsorship of sporting events organised by Association School Games Federation of India is exempted to pay GST? Any GST concession on Services by way of sponsorship of sporting events organised by Association School Games Federation of India? Should I need to pay GST on Services by way of sponsorship of sporting events organised by Association School Games Federation of India?

 

As per GST Law 2017, there is no GST payable on Services by way of sponsorship of sporting events organised by Association School Games Federation of India.
So the rate of GST payable on Services by way of sponsorship of sporting events organised by Association School Games Federation of India is nil rate.

 

GST Council Decide 4 main GST Rates Slabs for India. Now GST Rates are finalised i.e GST Rates in India is 5%, 12%, 18% & 28%. Commonly used Goods and Services at 5%, Standard Goods and Services fall under 1st slab at 12%, Standard Goods and Services fall under 2nd Slab at 18% and Special category of Goods and Services including luxury - 28%. The most essential goods and services attract nil rate of GST under Exempted Categories. 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 Association School Games Federation of India. Would you like to add more information about GST rate tariff on Services by way of sponsorship of sporting events organised by Association School Games Federation of India? Share below your comments about Goods and Service Tax levied on Services by way of sponsorship of sporting events organised by Association School Games Federation of India.

 

The above details about GST rate tariff on Services by way of sponsorship of sporting events organised by Association School Games Federation of India 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 Association School Games Federation of India may be verified before any business dealing.

 

 

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