Monday, September 28, 2020

No GST applicable on Prize Money / stakes in absence of Supply: AAAR [Read Order]

The Maharashtra Appellate Authority of Advance Ruling (AAAR) while rejecting the AAR ruling held that no GST applicable on Prize Money/ stakes in absence of supply. The applicant Vijay B. Shirke is duly registered with the Goods and Service Tax Department. The Applicant owns horses. The horses owned by the applicant participate in races organized […]

from Taxscan | Simplifying Tax Laws https://ift.tt/2EGVDbw

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