hi
in case of sponsorship servises by a business entity or partnerships firm
them they are only liable to pay gay under rcm
my doubt is what if I (individuals) had done sponsered some one
did FCM or RCM will come .
Rcm sponsorship
Replies (3)
Quick Summary
As per Notification 10 IGST (R) , Services provided by ANY PERSON by way of sponsorship to BODY CORPORATE OR PARTNERSHIP FIRM , RCM is applicable.
So Service provider can Any Person
& Recepient must be Body Corporate or Partnership firm
So Service provider can Any Person
& Recepient must be Body Corporate or Partnership firm
I am asking what if the recepie is individual
YES NEED TO PAY UNDER FCM
Recent Topics :
- Bill-to-ship-to material at client site, project c
- Export previously now to be considered domestic sa
- Pan surrender via online
- EPFO Portal Issue – Unable to Save Employee
- Plant & Machinary
- ITC reversal after supplier amended the recipient
- GIFTS TO USEFUL CONTACTS ON FESTIVALS INCOME TAX
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
Related Topics :
CAclubindia
