Prize Money from Horse Races Deemed Supply of Services, Subject to GST Regulations.

Prize Money from Horse Races Deemed Supply of Services, Subject to GST Regulations. https://www.taxtmi.com/highlights?id=49738 Levy of GST - Supply or not - receipt of prize money from horse race conducting entities - The applicant never passes the ownership of horses to the race organizer. Therefore, participation of horses for the purpose of events organized by the clubs is a supply of services to the event organizer. en-us Tue, 15 Oct 2019 14:00:43 +0530 Tue, 15 Oct 2019 14:00:43 +0530 TaxTMI RSS Generator Prize Money from Horse Races Deemed Supply of Services, Subject to GST Regulations. https://www.taxtmi.com/highlights?id=49738 Levy of GST - Supply or not - receipt of prize money from horse race conducting entities - The applicant never passes the ownership of horses to the race organizer. Therefore, participation of horses for the purpose of events organized by the clubs is a supply of services to the event organizer. Highlights GST Tue, 15 Oct 2019 14:00:43 +0530 https://www.taxtmi.com/highlights?id=49738