GST: The CBIC has issued notification to levy GST on renting of commercial property by an unregistered person to a registered person under Reverse Charge Mechanism to prevent revenue leakage. This notification shall be effective from 10th October 2024.(09.10.2024)

GST

The CBIC has issued notification to levy GST on renting of commercial property by an unregistered person to a registered person under Reverse Charge Mechanism to prevent revenue leakage. This notification shall be effective from 10th October 2024.

[Notification No. 09/2024-Central Tax (Rate) dated 08.10.2024]