Mumbai: Vijay Baburao Shirke, owner of several winning racehorses, is often spotted at derby matches and in the 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 winners in races held by several clubs, including the Royal Western India Turf Club (Pune, Mumbai), Mysore Race Club and Bangalore Race Club, to name a few. As owner of the winning horses, he is awarded prize money by race organisers.
In 2012, when service tax was introduced, Royal Western Turf Club had informed horse owners that their prize money would be subject to it. When GST was introduced on
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