The BCCI is seeking Supreme Court clarification on whether the sale of media rights is subject to service tax categorization as ‘franchise services’. This follows a directive from the Bombay High Court. The disputed amount totals around Rs 250 crore. The Supreme Court’s verdict will have significant implications for the taxation of media rights in Indian cricket.
The BCCI has indeed sought the opinion of the Supreme Court on whether its sale or grant of media rights could be classified as taxable “franchise services” and thus subject to service tax. This move suggests that the BCCI is seeking legal clarity on the tax implications of its activities related to media rights. The […]