Examine by giving reasons in brief in the context of provisions contained under the CGST Act, 2017 as to taxability or otherwise of the following independent supply of services: (ii) Ms. Purnima acts as a Team Manager fo
CS Professional · Advanced Tax Laws · PYQS · December 2020
Examine by giving reasons in brief in the context of provisions contained under the CGST Act, 2017 as to taxability or otherwise of the following independent supply of services: (ii) Ms. Purnima acts as a Team Manager for Indian Sports League (ISL) a recognized sports body. She was contracted by a Multi Brand Retail Company to act as Manager for a Tennis tournament organized by them and was paid an amount of ₹ 5,00,000.
Answer & Explanation:
Services provided to a recognized sports body by an individual as a player, referee, umpire, coach or team manager for participation in a sporting event organized by a recognized sports body are exempt vide Entry 68 of Notification No. 2/2017-IT (Rate). Since Multi Brand Retail Company is not a recognized sports body hence exemption will not be available. Thus, the services provided by Ms. Purnima will be liable to GST and tax be payable on amount of ₹ 5,00,000.
Topics: GST
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