Horse Race Winnings Not Subject to GST; No Input Tax Credit u/s 17(2) of CGST Act 2017.

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Full Text of the Document

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....Levy of GST - prize money received from the horse racing clubs for winning the horse race competition - Taxable supply or not - The prize money/ stakes will not be subject to GST in the absence of any supply - the Applicant- Respondent is also not entitled to avail any ITC in accordance with the provisions of section 17 (2) of the CGST Act, 2017 - AAAR....