Foreign Sports Bodies' Services Taxable Since 2006, But Sports Event Sponsorship Exempt from Taxation. https://www.taxtmi.com/highlights?id=25767 Advertising Agency service or sponsorship service - Import of service - The service rendered by sports bodies abroad could possibly be covered under the head of 'Sale of Space or Time for Advertisement and Sponsorship Services', which became taxable with effect from 01.07.2006. However, taxable services in relation to sponsorship services specifically excluded sponsorship of sport events. - AT en-us Thu, 05 Nov 2015 13:34:32 +0530 Thu, 05 Nov 2015 13:34:32 +0530 TaxTMI RSS Generator Foreign Sports Bodies' Services Taxable Since 2006, But Sports Event Sponsorship Exempt from Taxation. https://www.taxtmi.com/highlights?id=25767 Advertising Agency service or sponsorship service - Import of service - The service rendered by sports bodies abroad could possibly be covered under the head of 'Sale of Space or Time for Advertisement and Sponsorship Services', which became taxable with effect from 01.07.2006. However, taxable services in relation to sponsorship services specifically excluded sponsorship of sport events. - AT Highlights Service Tax Thu, 05 Nov 2015 13:34:32 +0530 https://www.taxtmi.com/highlights?id=25767