Overview
- The rate for marquee leagues rises from 28% to 40%, placing them in the top GST bracket alongside casinos and tobacco products.
- Media calculations show a Rs 1,000 base IPL ticket now totals Rs 1,400, with proportional increases across other price points.
- Regular cricket fixtures retain the 18% GST rate, reflecting a differentiated approach between premium leagues and other matches.
- Pro Kabaddi League falls under the new slab, and other high-value sporting events are expected to attract the same rate.
- The broader GST package also reduces tax on cinema tickets priced up to Rs 100 to 5% and is slated to take effect on September 22.