RCM is applicable on residential property from 18th July if given to RP. is it means all commercial property like shops etc.are under RCM even if landlord is unregistered and receiving rent below threshold limit.
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Quick Summary
The Reverse Charge Mechanism (RCM) now applies to residential property rentals from 18th July if the property is rented to a registered person. This means GST may be applicable even if the landlord is unregistered and receiving rent below the threshold limit. The notification specifically covers rents paid to residential houses by registered dealers, extending beyond just commercial properties.