Rcm on sponsorship

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41 Points Posted on 15 January 2020
if a company provide sponsorship to a cancer unit, is it company pay tax under rcm?
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On 15 January 2020 at 15:36 Report
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This discussion clarifies the application of the Reverse Charge Mechanism (RCM) on sponsorship payments. Currently, RCM primarily applies to Goods Transport Agency (GTA) services at 5% and advocate fees at 18%. Sponsorship services are also subject to RCM, meaning the service recipient is liable to pay the tax. The question of tax liability arises if the service receiver is unregistered.

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2 Points Posted on 15 January 2020
No, now only RCM is applicable on GTA @ 5% and advocate fee @ 18%
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On 15 January 2020 at 22:18
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account -GST
1560 Points Posted on 15 January 2020
Sponsorship services is still RCM। it's means services recever pay tax
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On 15 January 2020 at 23:20
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41 Points Posted on 16 January 2020
If the receiver is unregistered??
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On 16 January 2020 at 08:45

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