GST Applicability on Commercial Property taken on rent_RCM
It may please note that the GST council on its 54th meeting taken place on 09/09/2024 has recommended the:
- RCM on renting of commercial property by unregistered person to a registered person
Accordingly, CBIC has issued the notification no 9/2024 dated 8th Oct 2024 r.w. corrigendum dated 22-10-2024. This amendment shall be applicable w.e.f. 10/10/2024.
So, please ensure that you discharge the GST liability if property taken on rent from the unregistered person.
For Notification Click: Tax Information
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