GST rates at 18 percent on IPL tickets
Complimentary tickets will be considered as a supply of services
new Delhi. Advance Decision Authority (AAR) said that the franchise owners in the Indian Premier League (IPL) will come under the purview of Free or Complimentary Ticket Goods and Services Tax (GST). On the application of KPH Dream Cricket Pvt Ltd, the Punjab Bench of AARS passed this ruling. KPH Dream Cricket Private Limited is the owner and operator of Kings XI Punjab. The GST rate is 18 percent on IPL tickets.
AAR said that the complimentary ticket for free will be considered as a supply of services and it will be taxed. AAR has also said that KPH will be able to claim the benefit of the tax paid on the input tax credit (ITC), ie the material used in the production of Dream In Stamps.
Services available on free tickets: AAR said that this claim will be restricted to content and service related to such tickets. If the applicant has issued a free ticket to any person, then the person receiving the ticket is getting the services. He has not been paying any fees. At the same time, those who do not get complimentary or free tickets are required to pay tax for this.