Renting of immovable property in RCM

This discussion clarifies the taxability of renting immovable property under the Reverse Charge Mechanism (RCM) in GST. While immovable property itself might seem outside the scope of GST, specific services related to its renting are notified as taxable under RCM. This means registered persons receiving such services are liable to pay the GST. The conversation highlights that Schedule III excludes the sale of land but not the renting of immovable property, which is considered a supply of service.