Services by way of sponsorship of sporting events organised by Association of Indian Universities attracts no GST
Any GST payable for Services by way of sponsorship of sporting events organised by Association of Indian Universities? Does Services by way of sponsorship of sporting events organised by Association of Indian Universities fall under GST exemption list? Should I need to pay GST on services by way of sponsorship of sporting events organised by Association of Indian Universities?
As per GST Law 2017, there is no GST payable on Services by way of sponsorship of sporting events organised by Association of Indian Universities.
So the rate of GST payable on Services by way of sponsorship of sporting events organised by Association of Indian Universities is nil rate.
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
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The above details about GST rate tariff on Services by way of sponsorship of sporting events organised by Association of Indian Universities 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 of Indian Universities may be verified before any business dealing.
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