IPL PLAYERS AND RCM ON AUCTION MONEY PAID TO THEM

[Sadanand Bulbule]

My deepest condolences to those who died in yesterday’s stampede in Bengaluru during celebrations of RCB victory. My heart and thoughts are with the bereaved families. May their souls rest in peace. 🙏🙏

It is admitted fact that cricketers supply services as an individual to a body corporate (IPL franchise) and their services are sold and bought in the corporate auction held glittering ceremony in five star ambience.

My question here is: Are these IPL Corporate Clubs liable to GST under RCM on the bid amount individually paid to such cricketers?

Experts to throw light on this matter.

Therefore:

• The IPL franchise (company) is liable to pay GST under RCM on the auction money paid to the cricketer if:
  • The cricketer is providing services in their individual capacity, and
  • The franchise is a body corporate (which it typically is).

AI Summary

GST Implications for IPL Player Auctions: Analyzing Reverse Charge Mechanism and Sports Service Taxation Frameworks Here's a concise summary of the discussion forum text:A legal discussion explores the Goods and Services Tax (GST) applicability for Indian Premier League (IPL) cricket franchises regarding auction money paid to individual players. The forum examines whether IPL franchises are liable to pay GST under Reverse Charge Mechanism (RCM) when hiring cricketers. Multiple legal perspectives are shared, analyzing taxation principles related to sports services, player transfers, and sponsorship arrangements. The discussion references various case laws and statutory notifications to evaluate the tax treatment of cricket-related financial transactions.