Manish K.Gandhi (Superintendent) 16 April 2015
IPL not organised by recognized sports body and it cann not be termed as sports event but can be termed as amusement/entertainment event which is now under Negative list. But in recent budget, that entry is excluded from negative list and some portion is exempted as per entry No. 47 of Mega Exemption Notification 25/2012-ST. So if entry ticket is more than Rs. 500/- the same not covered in E.No.47 of Mega Exemption Notification 25/2012-ST. But the same will be applicable as and when budget is passed in the Parliament and the date is notified for implimentation of the said amendment.
Recent Topics
- Late fees for annual return
- Accounting for slump sale
- (WHATSAPP+19086206283) BUY ORIGINAL IELTS,PTE,TOEI
- Benifits of PVT. LTD. COMPANY
- Gst annual return
- Gst stock related query
- Rcm on legal service received
- Interest income to be considered in aggregate turn
- NRI - Agricultural Land
- Capital Gain Tax on Property
Related Threads
Stay updated with latest Discussion!
CAclubindia
