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
15 Replies
Pankaj Rawat
(GST Practitioner)
(55057 Points)
Replied 10 May 2019
As per Section 13(5) of IGST Act , the POS is where the event is held , so CGST/SGST will be applicable.
pritesh
(CA Final student)
(7101 Points)
Replied 10 May 2019
Yes Rcm is applicable if you are a company or partnership firm
Pankaj Rawat
(GST Practitioner)
(55057 Points)
Replied 11 May 2019
@ 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
Padmanathan Kv
(2127 Points)
Replied 11 May 2019
@ 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
Mohd Nadeem
(130 Points)
Replied 11 May 2019
padmanathan sir, agree with u, so in that case we can claim ITC on it?
Padmanathan Kv
(2127 Points)
Replied 11 May 2019
definitely ITC will be available. You can raise a self-invoice and take ITC
Pankaj Rawat
(GST Practitioner)
(55057 Points)
Replied 11 May 2019
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 .
Padmanathan Kv
(2127 Points)
Replied 11 May 2019
@ 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
Pankaj Rawat
(GST Practitioner)
(55057 Points)
Replied 11 May 2019
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 .
Pankaj Rawat
(GST Practitioner)
(55057 Points)
Replied 11 May 2019
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 .
CA Shikha Sharma
(Ceo)
(3869 Points)
Replied 11 May 2019
RCM applicable for sponsorship
not for sporting events
not for sporting events
Mohd Nadeem
(130 Points)
Replied 11 May 2019
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
Padmanathan Kv
(2127 Points)
Replied 11 May 2019
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.
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