Availment of credit paid under RCM and FCM, Goods and Services Tax - GST

[SKP IDT]

I paid sponership fee to Governement organisation. They have charged GST on the invoice and I paid the same. Following are my queries:

1. Will I have to pay GST under RCM and avail credit of the same

2. Would I get credit of taxes paid to organistation

Posts / Replies

[KASTURI SETHI]

You can take ITC. You are not required to pay twice.

[KASTURI SETHI]

Sponsorship services are covered under RCM if provided to body corporate or partnership firm by any person.

[Ganeshan Kalyani]

Yes, sponsorship is covered under reverse charge mechanism. However , since the service provider has charged GST on the invoice you are required to pay GST again. One transaction is not subject to tax twice.

[Ganeshan Kalyani]

Sorry , typo error. Please read as "you are not required to pay tax again".