Rs 11.62 crore GST theft in IPL matches Rs 11.62 crore GST stolen in IPL matches
Investigations revealed that the distribution of the tickets was mainly from the online portal book My Show.
The company got registered in Mumbai under the GST Act, while the matches were being held in Jaipur.
Jaipur. State Detroit of Revenue Intelligence (SDRI) has stolen a stolen GST of Rs 11.62 crore on tickets in IPL matches. M / s Royal Multi Sports Pvt. A total of seven matches were organized by the franchise company Rajasthan Royals from April 11 to May 19, 2018.
The investigation revealed that the tickets were distributed mainly from the online portal book My Show. Apart from this, a complimentary distribution of 65207 tickets worth Rs 11.62 crore was also done. The price of these tickets for different categories is between Rs. 500 to Rs. 15000. Till then.
M / s Royal Multi Sports Pvt. The scrutiny of the documents submitted came to light that Rs 11.62 crore GST has been stolen from the rate of 28% on these complimentary tickets. The company registered under the GST Act in Mumbai, while all these matches were being held in Jaipur. According to the GST rules, despite registration of registration in Rajasthan, the company has not made its registration.