https://www.taxtmi.com/caselaws?id=387044 The receipt of prize money from horse race conducting entities, in the event the horse owned by the applicant wins the race, amounts to 'supply' under Section 7 of the Central Goods and Services Tax Act, 2017. The transaction is considered a taxable supply of services and is liable to GST at the rate of 18% (9% CGST and 9% SGST). en-us Fri, 04 Oct 2019 00:00:00 +0530 Sat, 07 Mar 2020 11:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387044 The receipt of prize money from horse race conducting entities, in the event the horse owned by the applicant wins the race, amounts to 'supply' under Section 7 of the Central Goods and Services Tax Act, 2017. The transaction is considered a taxable supply of services and is liable to GST at the rate of 18% (9% CGST and 9% SGST). Case-Laws GST Fri, 04 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387044