Rcm on property

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705 Points Joined August 2018
RCM GST on rented commercial property from unregistered person to registered person announced in 54 GST council meeting wef 01/10/2024

Is this notification published or as per council meeting this to be implemented.
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On 07 October 2024 at 22:17 Report
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Master in Accounts & high court Advocate
9123 Points Joined December 2011

The 54th GST Council meeting announced that GST on rented commercial properties from unregistered persons to registered persons would be brought under the reverse charge mechanism (RCM) starting October 1, 2024 ¹ ². This means that the tenant will be responsible for depositing the GST, increasing tax revenue for the government ². However, I couldn't find any information on whether this notification has been published or if it is still awaiting implementation. For the most up-to-date information, I recommend checking official government websites or consulting a tax professional.

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On 08 October 2024 at 08:54
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27940 Points Joined May 2017
RCM ON PROPERTY
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On 08 October 2024 at 11:12
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705 Points Joined August 2018
Council decision is mandatory to follow?
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On 08 October 2024 at 12:10
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GST Practitioner & Accounts
14949 Points Joined March 2014
On the recommendation of the GST council , Govt issue notifications, so follow notifications.
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On 09 October 2024 at 10:55


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