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GST RCM Applicability on " Renting of Residential and Commercial Property " 🏢🏠🏨
❇️ GST on Renting of Commercial Property and Residential Property is taxable subject to some exemption provided for.
Also, There is RCM applicable on said Renting Service if given conditions are satisfied.
❇️ In Above Chart, we have explained scenario, in which RCM is applicable on Renting of Commercial and Residential Property ( subject to exemption if any ).
❇️ Still it is observed that some tax payer makes mistake and pays tax under Forward Charge, when RCM is applicable for such renting services.
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Hope you find it useful.
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