GST ITC on spondorship
Query (Issue) Started By: – Madhavan iyengar Dated:- 20-2-2019 Last Reply Date:- 24-2-2019 Goods and Services Tax – GST
Got 6 Replies
GST
In case of sponsorship fees paid by a manufacturing company to an agency for purpose of sponsor of event related to employee national awards for the rcm paid on sponsorship can credit of rcm be availed by company as eligible credit under gst
\nReply By KASTURI SETHI:
\nThe Reply:
\nIn my view, this activity conforms to the condition of ITC using in the course of business or furtherance of business.Hence ITC is allowed under RCM.
\nReply By Ganeshan Kalyani:
\nThe Reply:
\nYes, the credit is eligible.
\nReply By DR.MARIAPPAN GOVINDARAJAN:
\nThe Reply:
\nIf the sponsorship services i<\/p>\n
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