New GST on Sporting Event: Exemption for Low-Priced Tickets



In a significant move, the Goods and Services Tax (GST) Council has restructured tax rates for sporting events in India, introducing a 40% GST slab for high-profile events like the Indian Premier League (IPL), while maintaining exemptions for low-priced tickets to recognized sporting events. Exempt
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I simplify complex income tax, TDS, banking, and investment updates into practical insights for taxpayers, salaried professionals, pensioners, and senior citizens. I regularly write on ITR filing, tax compliance, savings schemes, and the latest financial rule changes in India.

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