A recent GST amendment clarifies that composition scheme GST holders are liable for Reverse Charge Mechanism (RCM) on rent paid for commercial property to unregistered persons. This new rule came into effect from October 10, 2024.
24 October 2024
Respected Colleagues, As per latest amendments in GST, If GST holders under composition scheme paid rent to Unregd person on commercial property is liable for RCM 18% on rent?? if yes, then effective date or Month??