we are conducting a conference
for which companies from india and also companies from outside India are sponsoring.
What is the effect of GST on sponsorship we get from the sponsors (company) ? if GST is applicable what is the rate of tax?
2 Replies
Anshuman Basu
(account -GST)
(1556 Points)
Replied 11 March 2020
Sponsorship is subject to RCM. you issue invoice to sponsors company without charge GST. sponsor company paid GST on your behalf RCM basis
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 13 March 2020
As per Notification 13/2017 CT (R) cover under section 9(3), hence Receptient is liable pay GST on RCM
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