We are Trust and we have received Sponsorship Amount from registered company.
Who will be liable to pay GST?
Trust Or Registered company.?
in case of sponsorship services on payment received from Firm or Body Corporate, liability to pay GST is on recipient I.e. Firm or Body Corporate as per Sec. 9(3).
Therefore, in the present case liability to pay GST is on that registered company.
what if the company is not registered?
compulsory registration is applicable under section 24 on every person liable to pay GST under RCM
CAclubindia
