https://www.taxtmi.com/caselaws?id=399074 The advance ruling issued by the Authority for Advance Ruling (AAR) was set aside. The ruling held that the prize money/stakes received by the Applicant-Respondent from horse racing clubs are not subject to GST as they do not constitute a "supply" under the CGST Act, 2017. Consequently, the Applicant-Respondent is not eligible to avail Input Tax Credit (ITC) on expenses related to entry fees, training charges, and other related expenses. The advance ruling stands valid despite allegations of suppression of material facts regarding an ongoing investigation by DGGI, as the investigation was under a different regime. en-us Thu, 04 Jun 2020 00:00:00 +0530 Thu, 20 Mar 2025 15:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399074 The advance ruling issued by the Authority for Advance Ruling (AAR) was set aside. The ruling held that the prize money/stakes received by the Applicant-Respondent from horse racing clubs are not subject to GST as they do not constitute a "supply" under the CGST Act, 2017. Consequently, the Applicant-Respondent is not eligible to avail Input Tax Credit (ITC) on expenses related to entry fees, training charges, and other related expenses. The advance ruling stands valid despite allegations of suppression of material facts regarding an ongoing investigation by DGGI, as the investigation was under a different regime. Case-Laws GST Thu, 04 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399074