https://www.taxtmi.com/caselaws?id=311419 CESTAT Chennai allowed the appeal and set aside service tax demands against an IPL franchise. The tribunal held that income from BCCI-IPL central rights constituted revenue sharing, not taxable business support services, as BCCI is not a commercial organization. Service tax on sponsorship agreements was not applicable for the pre-2010 period. CENVAT credit reversal was improper as ticket sales were not exempted services. No service tax was payable under reverse charge mechanism on foreign player payments. The tribunal followed precedents from similar IPL cases and set aside all demands, interest, and penalties. en-us Fri, 04 Aug 2023 00:00:00 +0530 Mon, 01 Apr 2024 16:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=311419 CESTAT Chennai allowed the appeal and set aside service tax demands against an IPL franchise. The tribunal held that income from BCCI-IPL central rights constituted revenue sharing, not taxable business support services, as BCCI is not a commercial organization. Service tax on sponsorship agreements was not applicable for the pre-2010 period. CENVAT credit reversal was improper as ticket sales were not exempted services. No service tax was payable under reverse charge mechanism on foreign player payments. The tribunal followed precedents from similar IPL cases and set aside all demands, interest, and penalties. Case-Laws Service Tax Fri, 04 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=311419