dear seniors,
can you help,
does GST is applicable on sponsorship received from outside India and event held in India.
if yes, it will be forward charge or RCM?
thanks, Nadeem
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GST applicable on sponsorship
Replies (15)
As per Section 13(5) of IGST Act , the POS is where the event is held , so CGST/SGST will be applicable.
Yes Rcm is applicable if you are a company or partnership firm
@ Pritesh ji
The supplier & services provided both in Non Taxable territory , hence its non taxable , No GST, No RCM application
The supplier & services provided both in Non Taxable territory , hence its non taxable , No GST, No RCM application
@ Pankaj ji the PoS is in India and the supplier is o/s India i think it will be taxable and on RCM basis. pls confirm
padmanathan sir, agree with u, so in that case we can claim ITC on it?
definitely ITC will be available. You can raise a self-invoice and take ITC
Sorry , i wrongly replied in adressing to Mr Pritesh .
There is no question of RCM , simply raise Tax Invoice & charge CGST/SGST .
RCM is applicable on Inward supply , & you are providing Services (As event organiser) & getting payment for same .
There is no question of RCM , simply raise Tax Invoice & charge CGST/SGST .
RCM is applicable on Inward supply , & you are providing Services (As event organiser) & getting payment for same .
@ pankaj ji I think your view is correct and agree to it. So the company in India will be the supplier of service ( they are receiving consideration as sponsorship money). Also the place of supply is in India. Hence taxable to the Indian Company but no question RCM. Just need to raise CGST and SGST invoice
Dear padmanathan
The supplier is india who organise the event ,& sponsor the Recepient is outside india , there will No RCM , the orgainser (Supplier ) will raise tax invoice on forward charge .
Dear padmanathan
The supplier is india who organise the event ,& sponsor the Recepient is outside india , there will No RCM , the orgainser (Supplier ) will raise tax invoice on forward charge .
RCM applicable for sponsorship
not for sporting events
not for sporting events
analysing above we as a indian company receiving consideration I lieu of sponsorship for organising event which not sporting event.
being a domestic company we have to raise invoice under forward charge.
and we cannot avail ITC on it?
correct if am wrong, please
being a domestic company we have to raise invoice under forward charge.
and we cannot avail ITC on it?
correct if am wrong, please
yes since your company is the supplier raising invoice in forward charge, you cannot take ITC. you have to collect GST and pay CGST+SGST.
Agree with Padmanthan
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