TMI BlogAvailment of credit paid under RCM and FCMX X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2. Would I get credit of taxes paid to organistation - Reply By KASTURI SETHI - The Reply = You can take ITC. You are not required to pay twice. - Reply By KASTURI SETHI - The Reply = Sponsorshi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... p services are covered under RCM if provided to body corporate or partnership firm by any person. - Reply By Ganeshan Kalyani - The Reply = Yes, sponsorship is covered under reverse charge mechani ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sm. 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. - Reply By Ganeshan Kalyani - The Reply = Sor ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ry , typo error. Please read as you are not required to pay tax again . - Availment of credit paid under RCM and FCM - Query Started By: - SKP IDT Dated:- 17-1-2020 Goods and Services Tax - GST - G ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ot 4 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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