Vijay Baburao Shirke, owner of several winning racehorses, is often spotted at derby matches and in sports sections of newspapers. This time, he is in the limelight due to an advance goods and services tax (GST) ruling sought by him. Advance ruling authorities recently agreed with his view that horse owners must pay 18% GST against the prize money earned by them. Shirke’s horses have emerged as winners in races organised by several clubs, including the Royal Western India Turf Club (Pune and Mumbai), Mysore Race Club and Bangalore Race Club, to name a few.
Source: a2ztaxcorp.com
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