GST ITC on spondorship

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 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 bus .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... iness.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 - The Reply = sir event is a general event where all employers sponsor the event by making a contribution in this context can .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... it be said to be in the course or furtherance of business - Reply By KASTURI SETHI - The Reply = Sponsoring any event always boosts the business. National award event is not a small event. National award always boosts moral of the employee (awardee). Other employees will also get motivated. The phrase, in the course of business or furtherance of business has wider scope. It has not limited sc .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ope. There are case laws on the issue which prove that sponsoring event boosts the business. If an employee of any company gets national award that company comes into limelight. - Reply By Madhavan iyengar - The Reply = Kasturiji- thanks a lot now it is very clear and very well explained by you which will help us in contending the eligibility for credit as hopefully under gst regime the cred .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... it should be litigation free. - GST ITC on spondorship - Query Started By: - Madhavan iyengar Dated:- 20-2-2019 Goods and Services Tax - GST - Got 6 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X