Foreign portfolio investment liberalisation extends listed equity access to all individual persons resident outside India, subject to limit monitoring...
Unsubstantiated exempt agricultural income claim sustains concealment penalty after disclosure only on departmental detection and no bona fide evidenc...
Page of 4809
Press 'Enter' after typing page number.
2241 to 2260 of 96177 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
The AAR ruled that organizing physical/offline games or tournaments of contract bridge played for money does not constitute supply of 'specified actionable claims' u/s 2(102A) of the GST Act, 2017. Contract bridge is predominantly a game of skill, not chance. The organizer neither provides an online platform nor retains any platform fee from players' contributions. The money contributed by players is deposited in a common pool, and the organizer has no lien over it. Organizing a tournament and allowing participation against a fee qualifies as supply of services by the organizer to participants. However, even if playing bridge for money is considered a 'specified actionable claim', the organizer cannot be deemed a supplier since they do not have control over the pooled money. Therefore, the organizer is not liable to pay GST for organizing physical/offline contract bridge tournaments played for money.
The AAR ruled that organizing physical/offline games or tournaments of contract bridge played for money does not constitute supply of 'specified actionable claims' u/s 2(102A) of the GST Act, 2017. Contract bridge is predominantly a game of skill, not chance. The organizer neither provides an online platform nor retains any platform fee from players' contributions. The money contributed by players is deposited in a common pool, and the organizer has no lien over it. Organizing a tournament and allowing participation against a fee qualifies as supply of services by the organizer to participants. However, even if playing bridge for money is considered a 'specified actionable claim', the organizer cannot be deemed a supplier since they do not have control over the pooled money. Therefore, the organizer is not liable to pay GST for organizing physical/offline contract bridge tournaments played for money.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4809 
Join Channel 
