Service Tax - Sponsorship of sporting events - Exemption extended to International events
AS per Notification No. 25/2012 - Service Tax dated 20.06.2012, Sl. No 11(a),
Services by way of sponsorship of sporting events organised by a national sports federation, or its affiliated federations, where the participating teams or individuals represent any district, state or zone are exempted.
Please note that if the teams represent the Nation, there is no exemption! - This was an embarrassing anomaly since 1-7-2010 and is now rectified.
Now the exemption is for, Services by way of sponsorship of sporting events organised by a national sports federation, or its affiliated federations, where the participating teams or individuals represent any district, state, zone or Country.
Notification No. , Dated: January 10, 2014