SDRI Detects Rs 3.25 crore Tax Evasion in Sale of Complimentary IPL Tickets
In another corruption scandal in Indian Premier League (IPL), The State Directorate of Revenue Intelligence (SDRI) has investigated and detected tax evasion of Rs 3.25 crores in the sale of complimentary IPL match tickets worth Rs 11.62 crores. The news was broken by an official to India Today.
As per the words of the official, SDRI has asked the Commercial Tax Department to recover Rs 7 crores which also includes penalty and interest along with the evaded tax. The auction of the Indian Premier League also came under the scanner of Goods and Services Tax. A detailed investigation has been ordered to recover all the taxes as per quotes from the official published in India Today.
IPL match organizer Royal Multi Sports Private Limited sold 65,207 complimentary tickets of the IPL matches last year which were played from 11th April to 19th May. The SDRI officials have detected 28 per cent GST tax evasion on complimentary ticket distribution.
IPL has been marred with controversies in the past
This is not the first time that IPL has been marred by controversies surrounding corruption and tax evasion. Over the last 11 years, IPL has come under the scanner a number of times due to illegal betting, spot-fixing, tax evasion and much more. With money coming in abundance in cricket in recent times, the young players generally tend to fall off the track and run after money.
There are several young players who are already millionaires without even playing consistently for their domestic side. There is no doubt about the fact that it is a cash-rich league. However, it has been only due to certain players that the reputation of the tournament has come under the scanner. It was only last year that Chennai Super Kings and Rajasthan Royals made a re-entry to the tournament after being in obscurity for a couple of years.
Owners of both the teams were involved in illegal betting and the franchises were subsequently suspended for a couple of years. The 12th edition of the tournament starts from 23rd March and we can expect another blockbuster this time around. However, it will be interesting to see how the main players manage their workload ahead of the World Cup.
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