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Consideration of sponsorship service in GST for RCM self-generating invoice

This query is : Resolved 
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(Querist)
11 April 2023 One of my clients (Pvt Ltd) transferred goods worth Rs 10 lakh plus Rs 25000 in cash under sponsorship services in a college sports event. Now how can I show it in books?
Is value of goods being also to be included in Rcm invoice or ITC of goods is to be reversed separately in GSTR-3B and RCM invoice is to be made up of only Rs 25000?
How do I show this transaction??
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
14 April 2023 Include value of goods also under RCM invoice.
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Arun Kumar Singh

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Arun Kumar Singh (Expert)
14 April 2023 RCM on sponsorship services will be applicable only on value of services.
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