Service Tax dept demands Rs 536 crore, BCCI takes legal route
Updated On: 16 January, 2015 07:58 AM IST | | PTI
The Board of Control for Cricket in India (BCCI) is locked in a legal battle with the Service Tax (ST) department, which has demanded an amount of Rs 536 crore (approx) as taxes on the cricket board's earnings from royalty and media rights in the last one decade
New Delhi: The Board of Control for Cricket in India (BCCI) is locked in a legal battle with the Service Tax (ST) department, which has demanded an amount of Rs 536 crore (approx) as taxes on the cricket board's earnings from royalty and media rights in the last one decade.
The ST Department has served the richest cricket body in the world as many as 19 show-cause notices in a period of 10 years so far. As per BCCI treasurer Anirudh Chaudhary's report which is attached with the Annual Report (2013-14), the BCCI has been receiving showcause cum demand notices from the tax authorities since the financial year 2004-05 until 2012-13 and the exact amount accrued is Rs 536.13 crore.


