Understand Reverse Charge Mechanism (RCM)

GST on Renting of Commercial Property via Reverse Charge

GST on Commercial Property Rent via Reverse Charge

The latest notice announced by the GST Council changed how the rental income from commercial property is taxed. This change is expected to increase the government’s tax revenue. However, experts say it may raise costs for tenants. After the Council’s 54th meeting on September 9, it was announced that if the property owner is not … Read more