Reverse Charge Mechanism for Renting Commercial Properties | GST Impact
The Reverse Charge Mechanism (RCM) has introduced significant changes in how GST compliance functions for renting commercial properties. Starting October 10, 2024, any rental of commercial properties by unregistered landlords to registered businesses will fall under the RCM framework. This addition tightens regulations, ensuring better tax accountability and addressing gaps in revenue collection. It directly affects the commercial real estate
