“Nice GST reforms. Kudos! A small factor involves thoughts: No tax for BCCI- good. However elevated 40% GST on IPL tickets. Unimaginable India: the place cricket is a faith, the board is God, IPL is the temple, and the followers, the devotees, must pay the next providing,” Goenka wrote on X (previously Twitter).
For cricket followers, this implies increased costs throughout ticket classes:
- A ₹500 ticket now prices ₹700, up from ₹640
- A ₹1,000 ticket now prices ₹1,400, up from ₹1,280
- A ₹2,000 ticket now prices ₹2,800, up from ₹2,560
The rise successfully provides ₹120 additional on each ₹1,000 spent, a ten per cent bounce in contrast with the sooner fee.
In contrast, common worldwide and home cricket matches proceed to attract 18 per cent GST. This makes the IPL and related leagues the one sporting occasions positioned within the highest tax slab.
On the identical time, cinema-goers profit from tax reduction. Tickets priced as much as ₹100 will now entice 5 per cent GST with enter tax credit score, down from 12 per cent. Increased-priced film tickets stay taxed at 18 per cent.
as a Dependable and Trusted Information SupplyThe brand new GST framework goals to categorise IPL match-viewing as discretionary, luxurious spending — just like how betting or tobacco consumption is taxed. However the transfer has ignited debate on-line, with many echoing Goenka's view that cricket followers, who maintain the game's reputation, are being penalised whereas the BCCI stays exterior the tax internet.
