Sponsorship fees receipt other than sports sponsorship is covered under RCM. I have following queries.
Organisation A (GST registered) is holding an event for which sponsorship is of X amount is received from B.
In the above case who is service supplier and who is recipient?
Who should raise the tax invoice, A or B?
Menu
Sponsorship fees GST
Replies (1)
Service Supplier is B. Recipient is A.
A should raise a self-invoice for the sponsorship services received from B, as GST is payable under RCM by A.
Recent Topic
- Is Getsvision Solutions right for SMTP bulk email
- Queries on Stock/ETF gifting.
- Adding bank account for the deceased for ITR refun
- SALE OF EQUITY ON THE LAST DAY OF THE FY 2024-25 N
- Which ITR form
- Form 103 id delayed for submission for more than 1
- Composition scheme
- Input tax credit under igst under insurance compan
- ITR Form to be used
- CGAS account Holder Deceased
Related Topics
CAclubindia
