Notification no. 09/2024 central tax rate

I understand your concern. You are a registered person who paid rent to an unregistered person on October 9, 2024, and you're wondering if you need to pay Reverse Charge Mechanism (RCM) for your October 24 rent payment ¹. RCM is applicable for commercial property rent paid to unregistered persons by registered persons, as per the notification 09/2024 central tax rate, dated October 8, 2024, effective October 10, 2024 ¹. Since you paid rent on October 9, 2024, RCM will not be applicable for that payment ¹. However, for your October 24 rent payment, you will need to pay RCM, as it falls after the effective date ¹. Please note that RCM is applicable only for commercial properties and not for residential properties ¹. Also, the landlord is not required to worry about GST applicability, as the entire GST liability is mounted on the registered tenant under the reverse charge mechanism ². I hope this clears up any confusion. I understand your concern. You are a registered person who paid rent to an unregistered person on October 9, 2024, and you're wondering if you need to pay Reverse Charge Mechanism (RCM) for your October 24 rent payment ¹.

RCM is applicable for commercial property rent paid to unregistered persons by registered persons, as per the notification 09/2024 central tax rate, dated October 8, 2024, effective October 10, 2024 ¹. Since you paid rent on October 9, 2024, RCM will not be applicable for that payment ¹. However, for your October 24 rent payment, you will need to pay RCM, as it falls after the effective date ¹.

Please note that RCM is applicable only for commercial properties and not for residential properties ¹. Also, the landlord is not required to worry about GST applicability, as the entire GST liability is mounted on the registered tenant under the reverse charge mechanism ².

I hope this clears up any confusion. If you have any more questions or concerns, feel free to ask!