Services by way of sponsorship of sporting events organised by Association Special Olympics Bharat is exempted from paying GST
Any GST payable for Services by way of sponsorship of sporting events organised by Association Special Olympics Bharat? Does Services by way of sponsorship of sporting events organised by Association Special Olympics Bharat fall under GST exemption list? Should I need to pay GST on Services by way of sponsorship of sporting events organised by Association Special Olympics Bharat?
As per GST Law 2017, there is no GST payable on Services by way of sponsorship of sporting events organised by Association Special Olympics Bharat.
So the rate of GST payable on Services by way of sponsorship of sporting events organised by Association Special Olympics Bharat is nil rate.
Under GST, all goods and services transacted in India are classified under the HSN code system or SAC Code system. Goods are classified under HSN Code and services are classified under SAC Code. Based on the HSN or SAC code, GST rates have been fixed in five slabs, namely NIL, 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 by Association Special Olympics Bharat is only for information.
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