GST tax slab rate on displaying the sponsor’s company logo service? How much GST for sponsor’s company trading name service?
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The details about GST rate changes for Sponsorship service provided to any body corporate or firm, other than sponsorship of sports event are being updated here. The notification changes on exemptions for GST for sale of Sponsorship service provided to any body corporate or firm, other than sponsorship of sports event and other circulars related to GST for Sponsorship service provided to any body corporate or firm, other than sponsorship of sports event are updated in this website.
Sponsorship includes naming an event after the sponsor, displaying the sponsor’s company logo or trading name, giving the sponsor exclusive or priority booking rights, sponsoring prizes or trophies for competition; but does not include any financial or other support in the form of donations or gifts, given by the donors subject to the condition that the service provider is under no obligation to provide anything in return to such donors
Goods and Service Tax (GST) rate tariff in India is designed in 6 categories of goods and services. Four main GST rate slabs framed with Essential goods and services, Standard goods and services and luxury goods and services with 5%, 12%, 18% and 28% respectively. Commonly used Goods and Services at 5%, Standard Goods and Services fall under 1st slab at 12%, Standard Goods and Services fall under 2nd Slab at 18% and Special category of Goods and Services including luxury - 28%. The most essential goods and services attract nil rate of GST under Exempted Categories. Luxury goods and services and certain specific goods and services attract additional cess than 28% GST.
The exempted categories under Sponsorship service provided to anybody corporate or firm, other than sponsorship of sports event is being published by GST authorities soon, where no GST is payable for such categories of service. You may read GST exemption list of services, once published.
The above information is about GST rate for Sponsorship service provided to anybody corporate or firm, other than sponsorship of sports event. This post is being updated with latest changes in GST rate for service giving the sponsor exclusive or priority booking rights? update on latest GST notification on sponsoring prizes or trophies for competition service and amendments related to GST on Sponsorship service provided to anybody corporate or firm, other than sponsorship of sports event.
Comment below your thoughts about Sponsorship service provided to anybody corporate or firm, other than sponsorship of sports event.
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Indian GST charges on displaying the sponsor’s company logo service
GST slab rate on displaying the sponsor’s company trading name service
How much GST on service giving the sponsor exclusive or priority booking rights?
GST duty on sponsoring prizes or trophies for competition service