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SPONSORSHIP SERVICE
Can anyone pls tell me the difference between SPONSORSHIP SERVICE in RCM & Exemption chapter (entry-53)
Replies (1)
RCM applies to taxable commercial sponsorship services where the sponsor is a company or partnership firm, making the sponsor liable to pay the GST. Exemption (Entry 53) applies only to specific sports events recognized by national or government sports bodies, completely removing any GST liability from the transaction.
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