The Indian Cricket Board is thinking of losing Rs 906 crore
Tensions between the International Cricket Council (ICC) and the Board of Control for Cricket in India (BCCI) are mounting. Trouble related to T20 World Cup. India is the host country of the 2021 T20 World Cup. To host such a big tournament at home, the government has to pay a large amount of tax to the Board of Control for Cricket in India (BCCI).
The figure is huge again. In all, the government will have to pay Rs 906 crore in taxes to the BCCI. Even if the government gives a waiver, the BCCI will have to pay at least Rs 227 crore as tax. India will not be able to decide on hosting the World Cup until a final decision on taxes is made. Meanwhile, the ICC is pressuring the BCCI to make a quick decision. The ICC has already given two dates to the BCCI to announce the decision. After December 31, 2019, December 31, 2020, has also passed, but the BCCI has not yet decided.
Several days ago, the BCCI had filed a petition with the government’s finance department for tax exemption for the World Cup, citing Corona’s financial loss. The BCCI is under a lot of pressure as the government has not announced any decision so far.
The ICCO is not willing to wait. Cricket’s top body is calling for the World Cup to be handed over to the United Arab Emirates. Or if the government does not give tax exemption, the money will be paid from the board’s treasury and it has to be paid in writing.
The issue was discussed at the BCCI’s annual general meeting last December. However, Sourav Ganguly’s board has not yet reached a decision. A BCCI source told Indian media that some members said, “It is now a matter of honor. India should pay taxes and host the World Cup. If it goes so far in the end, then it should be done. ‘
This problem is not new for BCCI. India also hosts the 2011 World Cup and the 2016 Twenty20 World Cup at home. The BCCI has had to fight with the government and the ICC over taxes there as well. In 2011, the Indian government waived the tax at the last minute. However, the Modi government did not give concessions to the BCCI in 2016. Only 10 percent tax was waived. Not to be given in 2021. After two years, India will have to host the ODI World Cup at home. If tax exemption is given this time, it will have to be paid in 2023 as well.
“The question is simple,” said one expert. If the government has not given a full tax exemption in 2016, then how will it pay in 2021? If it is paid by the end of 2021, then it should be paid from 2016 onwards.