Govt exempts IGST on import of sports goods, Sports Minister Rathore hails step
Rajyavardhan Singh Rathore thanked Prime Minister Narendra Modi, Finance Minister Arun Jaitley and the GST Council for the decision.
As the ruling government overhauled the existing GST regimen and cut rates on over 200 products, it included the exemption of 'import of specific sports goods by sports persons of outstanding eminence' from Intergrated Goods and Services Tax (IGST).
The Sports Ministry had recommended the same to the Finance Ministry and Sports Minister Rajyavardhan Singh Rathore today said the government's decision will be a big boost for the country's sportspersons of "outstanding eminence".
Olympic silver medallist Rathore thanked Prime Minister Narendra Modi, Finance Minister Arun Jaitley and the GST Council for the decision.
The sports minister added that the move is a major institutional support for sports and will be a big boost to promoting sports in the country.
The change in IGST exemption will come into effect from November 15