new Delhi: This year, India has to host the T20 World Cup. If the Indian government does not give tax exemption, then the BCCI may have to pay a tax of Rs 906 crore for this World Cup. Even if the government gives some relief, the Indian board will still have to pay 227 crore tax.
The World Cup is just 10 months away and the ICC has kept the United Arab Emirates (UAE) as a backup. BCCI has already missed two deadlines – 31 December 2019 and 31 December 2020. Now the pressure has increased on her to decide whether she wants to host the tournament or not. An official said that the new deadline is of February.
BCCI with Union Finance Ministry (BCCI) The appeal for tax exemption is pending in this T20 World Cup. However, the government has not taken any decision on this.
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Interestingly, BCCI is not even recognized as a National Sports Federation by the Sports Ministry.
After missing two deadlines, the ICC has given two options to the BCCI, which seems to be the last for the BCCI. The first is the T20 World Cup to be held in the UAE and the second is the guarantee that if the Indian Board is not able to get tax exemption, then it will have to bear the responsibility of tax, which is at least Rs 226.58 crore and more 906.33 crores will be Rs.
BCCI (BCCI) Secretary of Jai Shah is the son of Home Minister Amit Shah and Treasurer Arun Kumar Dhumal is brother of Minister of State for Finance Anurag Thakur. Anurag has also been the BCCI President in the past. The finance ministry has to take a decision on this.
In 2011 also, Manmohan Singh’s government accepted the plea for tactic waiver at the last minute.
In 2016, when India hosted the T20 World Cup, the Modi government had given a discount of only 10 percent and that is why ICC cut BCCI’s stock by $ 2.375.
At the BCCI AGM held on December 24, BCCI officials discussed it in the General Body. According to an official, there were two groups divided in this meeting, who were not unanimous that if the government does not give tax exemption, then should the BCCI pay tax.
If the government refuses, then the BCCI’s hosting of the One-Day World Cup-2023 can also be in danger. At the same time, experts say that if the government does not give tax exemption for the 2021 T20 World Cup, then it is less likely that they will change their vote in 2023.
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One expert said, “So the question is simple. If the government did not give the exemption in 2016, how can it give in 2021?
The issue of tax arose because Star India, the media rights of the ICC, is an Indian company and the broadcaster gives money to the ICC. If the Indian government does not give tax exemption to Star India, the broadcaster will not pay the full price fixed to the ICC. If the ICC does not get the full amount from the star then it will pay less money to the member countries.