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Indian F1 Tax Exemption Contested

by Mary Swire, Tax-News.com, Hong Kong

19 October 2011


The Indian Supreme Court is looking for an explanation from the Uttar Pradesh government for its decision to give an entertainment tax exemption to the organizers of the country’s Formula 1 event taking place at the end of this month.

A petition has been filed by an individual, Amit Kumar, who is arguing that there is no justification for the organizers, Jaypee Sports International Ltd, to be exempted from paying the same tax as other companies involved with putting on entertainment in the country.

Entertainment tax in India is usually chargeable on large-scale entertainment shows, amusement parks and any kind of sports. The organizers are responsible for paying the tax, and one of the highest revenue earners is cinema with tax on each film ticket being between 25% and 30%.

The Supreme Court has asked the Jaypee Group to respond as to why it should have been exempted from the tax. The company’s chairman Manoj Gaur has already suggested that it was part of an Uttar Pradesh policy that applied to all entertainment events, not just F1.

TAGS: court | tax | business | India | law | sportsmen

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