Speed Post News Network
New Delhi : In a major impetus to promotion of sports in the country, the GST Council at its 23rd meeting held at Guwahati on November 10, 2017, exempted the import of specific sports goods by sportspersons of outstanding eminence from the ambit of Integrated Goods and Services Tax (IGST).
Expressing his gratitude, Minister of State (I/C) Youth Affairs and Sports and Minister of State for Information and Broadcasting Col. Rajyavardhan Singh Rathore thanked PM Narendra Modi, Finance Minister Arun Jaitley and the GST Council for the decision. Rathore said that the move is a major institutional support for sports and will be a big boost to sports in the country. The change in IGST exemption will come into effect from November 15, 2017, according to a PIB release.