Goods and Services Tax (GST) is applicable to sports events in India at a rate of 18%. This includes entry fees, sponsorship, broadcasting rights, and other related services.
Organizers must register for GST if their annual turnover exceeds ₹20 lakhs. Input tax credit can be claimed on expenses related to the event.
For international events, specific exemptions may apply under government schemes. Proper documentation and compliance are essential to avoid penalties. |