BCCI made payments worth Rs 87.08 crore in Oct, Rs 32.90 cr in service tax alone

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The BCCI, the richest cricket body in the world, made a total payments of Rs 87.08 crore under various heads in October, with the largest single payment being Rs 32.90 crore, paid as service tax for September.

The second largest payment was of Rs 15.96 crore, which the BCCI paid to Indiawin Sports Pvt Ltd., an arm of Mukesh Ambani’s Reliance that owns the Mumbai Indians IPL franchise. This payment was of the third instalment share of the franchise’s Net Central Rights for IPL 2015.

The BCCI said it made a total of 29 different payments of being Rs 25 lakh or above. This exercise is part of its efforts to bring in transparency in its functioning, something that has been missing in all these years.

From now, as BCCI president Shashank Manohar has already announced, all payments of Rs 25 lakh and above would be announced on the Board’s website.

Many people say the BCCI has taken this step as the Supreme Court-appointed RM Lodha Committee is set to give a report on the Board’s reforms by this month-end. Manohar had met Lodha, a former Chief Justice of India, a day before taking charge as BCCI president in October and he is said to have got hints regarding which areas to work on to bring in transparency – and thus the changes in the Board.

The third most prominent payment of October was the Tax Deducted at Source (TDS) for September and this amount was Rs 7.42 crore.

Of the 29 payments, five were made in foreign currencies, like Great Britain pound and dollar, and the BCCI displayed their rupee equivalent too on the website.

The biggest payment made in foreign currency was made to ground equipment manufacturer Toro Company. This was of Rs 1.01 crore ($1,56,112.30), paid as 50 per cent advance for purchase of ground equipment for BCCI’s affiliated associations.

The BCCI also announced payments to its various state associations under its infrastructure subsidy scheme, advance, or reimbursement for the Board’s tournaments.

Andhra Cricket Association was the biggest beneficiary of the infrastructure subsidy scheme, under which now an association can get up to Rs 60 crore for construction of stadium etc.

Andhra received Rs 5.78 crore, Saurashtra Rs 3.87 crore, Karnataka Rs 2.74 crore, and Madhya Pradesh Rs 1.04 crore.

The Maharashtra Cricket Association was given Rs 2.24 crore as advance against the amount due to it.

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