One of the wealthiest sports organisations in the world, the Board of Control for Cricket in India (BCCI) is on par with the greatest and largest in the world. The topic of whether the BCCI is paying its fair share of taxes is so frequently brought up. The BCCI is once again facing tax issues as a result of the Indian government’s recent decision to impose a 40% tax on Indian Premier League (IPL) tickets.
Rajeev Shukla, the BCCI vice president and seasoned politician, explained that although the hike in IPL ticket taxes may have an effect, he hopes that attendance won’t decline.
He also brushed aside any concerns about the government favouring BCCI for tax breaks.
Like a corporate entity, BCCI pays income taxes. It pays GST as well. According to India Today, Shukla stated at a business function, “We don’t have any exemptions.”
“We pay taxes totalling thousands of crores. Taxes are also paid by state associations. And the government never gives us a single rupee handout.
The vice president also provided an update on the jersey sponsor’s situation, as the BCCI has released a tender for the position after Dream 11 was forced to withdraw due to limitations imposed by the Online Gaming Bill.
“There are many bidders, and the bidding procedure has been made public. We’ll let you know once it’s decided. At the same occasion, Shukla stated, “I believe it will be finalised in 15 to 20 days.” He added that there isn’t yet a front-runner.
“No, a name has not yet been given. The number of bidders is high. When it’s finalised, we’ll let you know,” he continued.
Shukla, however, expressed optimism that a sizable crowd will turn up for the women’s World Cup, which begins in India on September 30.
For the World Cup, a lot of work is being done. The stadium should be packed, which is the only obstacle,” Shukla stated.
“Women ought to attend the game as well. We are doing everything from our end. Additionally, the pay is competitive. We are promoting ladies, holding competitions, and providing all necessary facilities. The only need is that spectators attend the women’s games.
India
