Itc on sponsorship

If the 'party' is a corporate entity, then the 'party' need to pay the tax on RCM basis i.e. no need to raise invoice (under forward charge). But hereincase, if the 'party' is non-corporate entity and as you mentioned they raised invoice to you on forward charge, it is fine. With respect to eligibility, if it fulfills the 4 principal conditions of section 16 of CGST. In my opinion, you can avail the credit, provided all the conditions are fulfilled. For gst related updates and amendments follow @ gstgist on Instagram.

Yes as per Notification 13/2017 CT (r) , Recepeint of sponsorship services is liable to do RCM in case it is Body corporate or Partnership Firm .

So if above conditions is not fulfilled then ITC can be claimed, but make sure that the activities/transaction should be in course or furtherance of business. (Refer Section 16 of CGST Act)

recipient of sponsorship service is body corporate..

but we fulfill al the 4 conditions and activity is done for furtherance of business