Goods and Services Tax

GST ITC on spondorship

GST – Started By: – Madhavan iyengar – Dated:- 20-2-2019 Last Replied Date:- 24-2-2019 – 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 – Reply By KASTURI SETHI – The Reply = In 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. – Reply By Ganeshan Kalyani – The Reply = Yes, the credit is eligible. – Reply By DR.MARIAPPAN GOVINDARAJAN – The Reply = If the sponsorship services is for the furtherance of business ITC is eligible. – Reply By Madhavan iyengar

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