Services by way of sponsorship of sporting events organised as part of national games, by Indian Olympic Association attracts no GST
Is Services by way of sponsorship of sporting events organised as part of national games, by Indian Olympic Association is exempted to pay GST? Any GST concession on Services by way of sponsorship of sporting events organised as part of national games, by Indian Olympic Association? Should I need to pay GST on Services by way of sponsorship of sporting events organised as part of national games, by Indian Olympic Association?
As per GST Law 2017, there is no GST payable on Services by way of sponsorship of sporting events organised as part of national games, by Indian Olympic Association.
So the rate of GST payable on Services by way of sponsorship of sporting events organised as part of national games, by Indian Olympic Association is nil rate.
The Goods and Services Tax (GST) will be levied at multiple rates ranging from 0 per cent to 28 per cent. GST Council finalised a four-tier GST tax structure of 5%, 12%, 18% and 28%, with lower rates for essential items and the highest for luxury and de-merits goods that would also attract an additional cess.
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The above details about GST rate tariff on Services by way of sponsorship of sporting events organised as part of national games, by Indian Olympic Association is only for information.
The validity of above information and amendments about GST rate on Services by way of sponsorship of sporting events organised as part of national games, by Indian Olympic Association may be verified before any business dealing.
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