This discussion clarifies the applicability of RCM (Reverse Charge Mechanism) on rent payments. It confirms that RCM on rent became mandatory from July 2022. The mechanism applies from the month in which the rent payment is made.
Has the RCM on rent become mandatory from July 22 ? If yes, is it applicable for the whole month or proportionately for the rent paid from 18th onwards ? Pls. advice.