Hi All,
Whether RCM will be applicable on fees paid for FCI Annual Sponsor Membership or not?
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FCI Annual Sponsor Membership
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Under GST law, RCM will be applicable on sponsorship service, only of they are received by a body corporate and partnership firm. Further while discharging RCM obligations it should be ensured that such sponsorship services are not exempt, as in such cases the liability to pay tax under RCM also gets extinguished
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