“We set aside the advance ruling issued by AAR and hold that prize money/stakes will not be subject to GST in the absence of any supply,” AAAR said in its order while adding that applicant is not entitled to avail any Input Tax Credit (ITC).
Source: a2ztaxcorp.com
For the Dutch interpretation (based on the Baštová judgment of the Court of Justice, case C-432/15) in a similar case, please see THIS POST.
