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February 2014

Amendment in Mega Exemption Notification- Sponsorship of sports events Notification No. 1/2014-ST dated. 10th January, 2014

By Tarun Ghia, Pratik Mehta, Brijesh Cholera, Chartered Accountants
Reading Time 1 mins
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Vide this Notification, the scope of Mega Exemption Notification No. 25/2012 dated June 20, 2012 has been widened by inserting the words “or country” in the opening paragraph, in entry 11, in item (a) of the said Notification. With such insertion, the exemption scope of sponsorship of sporting events organied by a national sports federation has been widened by covering teams or individuals representing any Country instead of representing only district, state or zone.

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