Please clarify about rules
Soundhar Venkatesan (Student) (97 Points)
18 December 2018
Is there is any gst for any cricket players brought from auction list ??
1 Replies
pritesh
(CA Final student)
(7101 Points)
Replied 18 December 2018
There are two contracts that a player gets into – one with BCCI and one with the franchise (the team the player is a part of). However, it cannot be said that the BCCI is sub-licensing or assigning the players’ to a franchise. As stated above, only the services provided by the players, coach or team manager for participating in “sporting event” organized by a “recognized sports body” are exempted. Therefore, the players’ services provided to the team don’t fall under GST Exemptions.
The franchisee pays the player not only for playing the matches but also for promotional activities.
The franchisee pays the player not only for playing the matches but also for promotional activities.
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