RCM on Rent to Unregistered Person under GST Law
RCM is applicable on renting of commercial property by unregistered persons w.e.f. 10.10.2024 Effective October 10, 2024, the Reverse Charge Mechanism (RCM) under the GST framework now applies to the renting of commercial properties by unregistered persons. This important update is designed to enhance tax compliance and ensure that unregistered…