Rent amount is 16000 pm whether RCM is applicable Supplier is un registered.
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Quick Summary
This discussion clarifies the applicability of Reverse Charge Mechanism (RCM) under GST for renting commercial property from unregistered suppliers. While RCM is generally applicable for commercial properties, the exact date of its enforcement for unregistered suppliers was pending notification. It's noted that the amendment suggests an effective date of 01.10.2024.