Gross GST Revenue Collection from BCCI Amounted to Rs 2,038.55 Crore in 2022-23 and 2023-24
In a recent parliamentary disclosure, Minister of State for Finance Pankaj Chaudhary announced that the Gross GST revenue collection from the Board of Control for Cricket in India (BCCI) during the fiscal years 2022-23 and 2023-24 reached an impressive Rs 2,038.55 crore. The BCCI, serving as the apex body for the promotion of cricket in India, operates as an autonomous entity registered under the Tamil Nadu Societies Registration Act of 1975.
Chaudhary noted that services related to admission to sporting events such as the Indian Premier League are subject to a GST rate of 28 percent, contributing significantly to the substantial revenue yielded from the BCCI during the mentioned financial years.
The Minister also highlighted the ongoing legal dispute concerning the Income Tax exemption status of the BCCI under Section 11 of the Income Tax Act, 1961. Despite BCCI’s claims for exemption as a charitable institution, the Income Tax department has contested this during assessment proceedings, leading to the current sub judice status of the matter. Chaudhary further clarified that there are no immediate direct tax proposals pending in this regard.
Moreover, it was conveyed that the BCCI does not receive any grants from the Ministry of Sports schemes. Additionally, responding to a separate inquiry, Chaudhary revealed that between July 2017 and June 2024, the Central Tax formations in Gujarat pursued 13,494 cases of GST evasion amounting to approximately Rs 52,394 crore, resulting in the apprehension of 214 individuals involved in the evasion.
This disclosure sheds light on the substantial GST revenue generated by the BCCI and the ongoing legal intricacies surrounding its tax exemption status, offering a comprehensive view of the financial and regulatory landscape encompassing the esteemed cricketing body.
