Services by way of sponsorship of sporting events organised by Association Paralympic Committee of India attracts no GST
What is the concessional rate of GST on Services by way of sponsorship of sporting events organised by Association Paralympic Committee of India? Does Services by way of sponsorship of sporting events organised by Association Paralympic Committee of India fall under GST exempted items? Should I need to pay GST on Services by way of sponsorship of sporting events organised by Association Paralympic Committee of India?
As per GST Law 2017, there is no GST payable on Services by way of sponsorship of sporting events organised by Association Paralympic Committee of India.
So the rate of GST payable on Services by way of sponsorship of sporting events organised by Association Paralympic Committee of India is 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. 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 Paralympic Committee 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 Paralympic Committee of India may be verified before any business dealing.
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