In a major impetus to promoting sports in the country, the GST Council in its 23rd meeting held at Guwahati on 10th November, 2017, has exempted the import of specific sports goods by sports persons of outstanding eminence from the ambit of Integrated Goods and Services Tax (IGST).
Expressing his gratitude, Minister of State (I/C) Youth Affairs and Sports and Minister of State for Information and Broadcasting Col. Rajyavardhan Singh Rathore thanked Prime Minister Shri Narendra Modi, Finance Minister Shri Arun Jaitley and the GST Council for the decision. He added that the move is a major institutional support for sports and will be a big boost to promoting sports in the country. The change in IGST exemption will come into effect from 15th November 2017.
CAclubindia
