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 .
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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
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