IPL teams appeal for tax rematch: 'Treat event as sport, not entertainment'Indian Premier League teams are asking the government to reclassify match tickets. They want IPL games treated as sports, not entertainment...
BCCI to finalise team India jersey sponsorship in two weeksThe BCCI is set to finalize Team India's jersey sponsorship within two weeks following the tender process, with bids due by September 16. A...
Higher IPL ticket prices may squeeze franchise revenuesThe GST Council's decision to increase tax on IPL match admissions to 40% from 28% is anticipated to negatively impact franchise revenues, ...
No tax for BCCI, but 40% GST for IPL fans: Harsh Goenka slams govt's latest tax moveHarsh Goenka criticizes the new GST structure. It raises taxes on IPL tickets to 40 percent. This contrasts with the tax exemptions for the...
New GST rates: Is the puzzle over popcorn, paranthas and paneer finally solved?New GST Rates: The GST Council has approved a new tax structure effective September 22, resolving long-standing confusions on food items. P...
Pay more for IPL matches; movie tickets under ₹100 get cheaperThe GST Council has raised tax on sporting events like IPL to 40% while easing levies on cinema tickets under ₹100, now taxed at 5%. Higher...
GST 2.0: Watching Virat Kohli and Shubman Gill in IPL just got costlier, placed with non-essential & luxury itemsWatching IPL matches from the stadium is now more expensive due to a revised GST structure, increasing ticket prices to 40%. This places IP...
DGGI lens on 700 offshore online money gaming cos ahead of IPLThe DGGI has intensified actions against offshore online gaming entities engaging in illegal betting as the IPL begins. Approximately 700 e...
Fantasy sports firms bet big on cricket to increase the run rateThe fantasy sports industry is banking on the ICC Champions Trophy and the IPL to drive user growth despite the 28% GST impact. Dream11 and...
BCCI earned over Rs 5,000 crore extra from IPL 2023The BCCI recorded a ₹5,120 crore surplus from IPL 2023, marking a 116% rise from the previous year. Total income surged to ₹11,769 crore, m...
Fantasy gaming apps' revenue jump to Rs 2,800 crore during IPL 2023 amid debate of chance and skillThe Indian Premier League (IPL) season generated a gross gaming revenue of approximately Rs 2,800 crore, with 61 million users participatin...
Fantasy Sports revenue to rise 30-35% to Rs 2,900-3,100 crore this IPL seasonRedseer Strategy Consultants, Partner, Ujjwal Chaudhry said there has been large awareness around fantasy sports platforms with higher mark...
New GST googly: Gifted IPL tickets are no longer freeThis would mean that any IPL franchise owner gifting complimentary tickets to its employees will have to cough up GST on the value. KPH Dre...
Eyeing $6 billion windfall, BCCI floats IPL media rights tenderThe BCCI is expecting aggressive bidding for the digital space between the likes of Amazon Prime, Meta and YouTube. The detailed terms and ...
Post GST, watching live sports will be costlierClub culture in sports - like the Indian Premier League which is a mix of entertainment and huge prize money - will attract the highest tax...
Congress wanted to block GST bill, Sushma Swaraj was excuse: Manohar ParrikarParrikar alleged Congress' main "gameplan" was to block GST bill, which he said if passed would have given a major boost to the country's e...
Must debate finance committee report on IPL & BCCI muck: Bhartruhari Mahtab, BJDThe Biju Janata Dal, the fifth largest party in Parliament, wants both Houses to discuss the parliamentary finance committee’s 2011 report ...