Former India captain and current BCCI president Sourav Ganguly (Sourav Ganguly) was relieved. The Customs Excise and Service Tax Appellate Tribunal granted a service tax exemption of Rs 1.5 crore to Sourav Ganguly.
BCCI President Sourav Ganguly will have to pay service tax for money earned from cricket, promotion as a brand ambassador of various reputed companies, advertisement of various products, as well as columns in various media, the Kolkata Center Excise Intelligence said.
However, this time Cestat has informed that Sourav Ganguly will not have to pay any service tax to use his 'brand value'. According to Sestat, if a celebrity promotes only through his 'brand value' without naming a particular product, it cannot be included in the product service tax. And that's why Sourav Ganguly doesn't have to pay any service tax. At the same time, it has been informed that the Rs 1 crore 50 lakh deposited by Sourav Ganguly in the government treasury for a long time will be returned to Sourav Ganguly within a month including interest.