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BCCI pays ₹ 44 lakh in GST for the month of July

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India’s richest sport’s governing body paid as much as ₹ 44 lakhs in taxes that were due as per the new indirect tax implemented, GST. The goods and services tax, GST came into picture from 1st July 2017. This amount has been said to be more than the taxes ever since the GST has been on the floors.

As per the BCCI’s website, the body paid as much as ₹ 44,29,516 in GST for the month of July. Indian cricket team’s physio Patrick Farhart was paid approximately 6 million (₹ 58,87,139) for five months.

Also, some of the players were paid a share of gross revenue from the international matches for the season 2015-16. Stuart Binny was paid around ₹ 92 lakhs whereas Harbhajan Singh was paid ₹ 62 lakh. Similarly left arm spinner Axar Patel received ₹ 37.51 lakh while the frontline pacer Umesh Yadav was paid as much as ₹ 34.79 lakh.

We can say that the BCCI has been hit hard by the GST roll out.

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Jatin Aggarwal
A guy from the family of commerce background. Having practical experience in the field of taxation, accounting, corporate laws. He is a commerce graduate and pursuing CA (Final). Jatin is responsible for exclusive interviews and opinion based articles about the GST.

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