Anita International
  • Home
  • Modules
    • ANIN360 : 80+ Tally AddOns Pack
    • Auto Backup in Tally
    • Barcode Module for Tally | Excel
    • CEO Dashboard
    • Digital Signature in Tally
    • Manual Seal & Stamp in Invoice
    • Invoice Designs for Tally
    • Print QR Code In Tally Invoice
    • Sales Analysis in Tally
    • Sales Auto Receipt
    • Salesman Module | Agent Broker
    • SMS Module in Tally
    • Tally On Cloud
    • Tally Add-Ons Store
    • Tally Voucher Log
    • Tea Invoice in Tally
    • Whatsapp Tally Module
    • Auto Manufacturing Journal
  • AddOns
    • 200+ AddOns for TallyPrime
    • Add New Column in Tally
    • Address Book in Tally
    • Auto PDF on Saving Voucher
    • Auto TCS in Tally
    • Batch Details in Invoice Column
    • Description Report
    • Document Manager in Tally
    • e-Invoice QR Location Change
    • Gridlines in Sales Voucher
    • Item Wise Sales Report in Tally
    • Ledger Group Security
    • Multi Discount Module (Double or Triple)
    • Multi Voucher Entry
    • Stop Negative Stock in Voucher
    • System Date as Voucher Date
    • User Log in Tally Prime
    • Unused Master Delete
  • Tally FAQ
    • Request Tally AddOns
    • What is Tally | Buy Online
    • Data Back Up in Tally
    • Tally Split Company Data
    • Change Financial Year in Tally
    • Install TCP File in Tally
    • Company Logo in Tally
  • More
    • BLOG
    • Tally Partner Jammu
    • Busy Partner Jammu
    • Biz Analyst
    • Remote Applications
    • Payment Gateway
    • Why Use Licensed Software?
  • Contact

Tally Blog

By Team Anita International

Free IPL tickets to attract GST: AAR

15/10/2018

 
Free or complimentary tickets given by franchise owners for IPL matches will attract Goods and Services Tax (GST), the Authority for Advance Ruling (AAR) said.

In response to an application filed by K P H Dream Cricket Pvt Ltd, which owns and operates IPL cricket team Kings XI Punjab, the Punjab bench of the AAR has ruled that providing complimentary tickets free of charge would be considered supply of service and therefore leviable to tax.
 
The GST rate on the sale of IPL tickets is 18 per cent.
 
The AAR also ruled that K P H Dream Cricket would be eligible to claim input tax credit (ITC) on taxes paid for such complementary tickets only to the extent of input and input service for such tickets.

The AAR said when the applicant issues a 'complimentary ticket' to any person, the applicant is "certainly displaying an act of forbearance by tolerating persons who are receiving the services provided by the applicant without paying any money, which other persons not receiving such complimentary tickets would have to pay for".
 
Stating that the complementary tickets given by K P H Dream Cricket to various persons would certainly be covered by the term 'token' and 'voucher', the AAR said as per GST laws the monetary value of "forbearance would naturally be pegged to the amount of money charged from other persons not receiving the 'complementary tickets' for availing the same services."
 
"The applicant has clearly missed the import of clause (b) in the definition of 'Consideration' given in section 2(31) of the CGST Act, 2017 which certainly covers the activity of the applicant of giving 'complementary tickets' to certain persons in the furtherance of his business and would thus be covered under scope of supply defined in Section 7(1)(a) of the CGST Act, 2017," the AAR said.
 
Commenting on the order, EY Tax Partner Abhishek Jain said: "A levy of GST on free supply of services to unrelated parties is not envisaged under the GST law. The ruling is against the no GST position adopted by the industry on such transactions".

Comments are closed.

    Author

    Team Anita International is working with Tally Solutions since last 15 Years. 

    Archives

    February 2019
    November 2018
    October 2018
    September 2018

    Categories

    All
    GST
    Reforms
    Tally Solutions

    RSS Feed

Tally Modules

Barcode for TallyPrime
Whatsapp Module for Tally
Digital Signature for Tally
Tally Power Pack - ANIN360
Dynamic QR Code in Tally Invoice

Products

TallyPrime
Busy
Quick Heal

More

About Us
Tally Dealer in Jammu & Kashmir
​Privacy Policy
Terms & Conditions
Refund - Cancellation Policy
  • Home
  • Modules
    • ANIN360 : 80+ Tally AddOns Pack
    • Auto Backup in Tally
    • Barcode Module for Tally | Excel
    • CEO Dashboard
    • Digital Signature in Tally
    • Manual Seal & Stamp in Invoice
    • Invoice Designs for Tally
    • Print QR Code In Tally Invoice
    • Sales Analysis in Tally
    • Sales Auto Receipt
    • Salesman Module | Agent Broker
    • SMS Module in Tally
    • Tally On Cloud
    • Tally Add-Ons Store
    • Tally Voucher Log
    • Tea Invoice in Tally
    • Whatsapp Tally Module
    • Auto Manufacturing Journal
  • AddOns
    • 200+ AddOns for TallyPrime
    • Add New Column in Tally
    • Address Book in Tally
    • Auto PDF on Saving Voucher
    • Auto TCS in Tally
    • Batch Details in Invoice Column
    • Description Report
    • Document Manager in Tally
    • e-Invoice QR Location Change
    • Gridlines in Sales Voucher
    • Item Wise Sales Report in Tally
    • Ledger Group Security
    • Multi Discount Module (Double or Triple)
    • Multi Voucher Entry
    • Stop Negative Stock in Voucher
    • System Date as Voucher Date
    • User Log in Tally Prime
    • Unused Master Delete
  • Tally FAQ
    • Request Tally AddOns
    • What is Tally | Buy Online
    • Data Back Up in Tally
    • Tally Split Company Data
    • Change Financial Year in Tally
    • Install TCP File in Tally
    • Company Logo in Tally
  • More
    • BLOG
    • Tally Partner Jammu
    • Busy Partner Jammu
    • Biz Analyst
    • Remote Applications
    • Payment Gateway
    • Why Use Licensed Software?
  • Contact