Zavaray S. Poonawalla, chairman, GST Cell, and council member, Turf Authorities of India (TAI), along with his team and senior counsel Aryama Sundaram made a presentation addressing the adverse impact of GST on horse racing to the Group of Ministers (GoM) on Tuesday.
TAI, the apex body for horse racing in the country, cited Supreme Court and High Court judgments that establish the fact that GST on prize money does not fall in the ambit of actionable claim as far as horse racing is concerned.
Since its regularisation in 2017, the GST Act on actionable claims has raised ambiguity and concern for affected industries. The varied interpretation and perceptions of the actionable claim clause in the Act imply shortcomings that have triggered deliberations and a need for correction.
