Levy of GST — The applicant owns horses and they participate in races organized at different clubs. The applicant is awarded with prize money in respect of horses, which win the race. The Applicant sought Advance Ruling “Whether receipt of prize money from horse race conducting entities, in the event horse owned by the applicant wins the race, would amount to ‘supply under section 7 of the Central Goods and Service Tax Act, 2017 or not and consequently, liable to GST or not?” The Authority Ruled out that the amount of prize money received from the events conducting entities would be covered under ‘supply under section 7 of the CGST Act, 2017 and consequently, taxable supply of services and liable to GST @ 18%. — Vijay Baburao Shirke, In Re… [2019] 17 TAXLOK.COM 028 (AAR-Maharashtra)