Background:
The 55th GST Council Meeting held on December 21, 2024, recommended to bring supply of the sponsorship services provided by the body corporates under the Forward Charge Mechanism.
Now:
Now, the CBIC vide Notification No. 07/2025- Central Tax (Rate) dated January 16, 2025 has amended the relevant entry in Notification No. 13/2017-Central Tax (Rate) dated June 28, 2017, (“CGST Services RCM Notification”) by making the following amendments:
(A) against serial number 4, in column (3), i.e. after the words “Any person”, the words “other than a body corporate” shall be inserted.
| 4 | Services provided by way of sponsorship to anybody corporate or partnership firm. | Any person other than a body corporate | Anybody corporate or partnership firm located in the taxable territory. |
Similar notifications have been passed under the Integrated Goods and Services Tax Act, 2017 (“the IGST Act”) and the Union Territory Goods and Services Tax Act, 2017 (“the UTGST Act”).
The Notifications can be accessed at: https://a2ztaxcorp.net/wp-content/uploads/2025/01/CBIC-N.No_.-07_2025-CUI-Rate.pdf
