02 June 2011
Our Organization is Reseller of It Products.
In the month of Feb-11 there was a Trade Expo held at our local area and we participated in it. Kindly note we approached to our Product Partner for Sponsorship amount and they agreed to pay some amount towards Sponsorship. Now in the month of May we have received the Sponsorship amount. My query is whether we are liable to pay service tax or not? Kindly help me in the matter. Thanks a lot.
02 June 2011
as per service tax rule 2(1)(d)-the body corporate or firm which receives the service is liable to pay ST (this is for Sponsorship service )
CAclubindia
