Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: ACCOUNTING STANDARD :: due date for vat payment :: Central Excise rule to resale the machines to a new company :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT RATES :: list of goods taxed at 4% :: cpt :: articles on VAT and GST in India :: ACCOUNTING STANDARDS :: form 3cd :: empanelment :: TDS :: VAT Audit :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4%
 
 
« General »
 Companies should invest in upgradation of tax technology
 Top House tax writer suggests measures to mitigate the impact of the border tax
 Consumer goods distributors, wholesalers to bear the brunt of GST
 GST classification woes to continue
 There will be no tax on farm or agriculture income
 RBI, Income Tax Acts to be amended for electoral bonds, Jaitley says
  Clarifications on the Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016
 I-T zeroes in on Mumbai trader in first crackdown after demonetisation
  Tax queries answered by Dilip Lakhani, Senior Chartered Accountant
 Income Tax Department Failed To Unearth Black Money Despite Information
 Govt filing twice as many cases as private cos in Supreme Court

To levy tax on IPL from next season
May, 07th 2010

You may have to pay more to enjoy an Indian Premier League match in a stadium next season onwards.

Two days after the Bombay High Court made remarks on the state governments reluctance to levy entertainment tax on Indian Premier League (IPL) matches, the state cabinet on Thursday decided to tax on the popular tournament in the next season.

This means, spectators will probably end up shelling out more money for tickets to these matches because organisers usually pass on the burden of taxes to consumers.

The cabinet on Thursday finally decided to levy entertainment tax between 15 and 25 per cent, on the tournament in 2011.

We have taken a decision to charge tax from the next season wherever it happens in the state, said Deputy Chief Minister Chhagan Bhujbal.

Since the tax will be levied on the total revenue generated from ticket sales in its cabinet meeting in January, the burden will be passed on to spectators who purchase tickets.

This is the second time the government is taking a decision to charge entertainment tax on the IPL.

The first was taken in January, but the government made a U-turn on it.

In January, Chief Minister Ashok Chavan had said, IPL is more entertainment and business than sports. We are not taxing test matches.

During the Legislature session in April 2010, there was huge pressure from the Opposition on the state to tax the IPL matches that took place in Maharashtra in 2010, but at that time the cabinet did not have a unified vote on this.

Sources hinted that Nationalist Congress Party chief Sharad Pawar was not in favour of the decision since it would impact ticket sales and revenue earned by IPL.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - About Us

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions