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GST on Commercial Property Rentals Now Under Reverse Charge Mechanism: Key Update for Tenants

In a landmark decision, the GST Council has introduced the Reverse Charge Mechanism (RCM) for GST on commercial property rentals. This regulatory shift makes tenants, rather than landlords, responsible for remitting the GST on commercial property rent to the government. This change primarily impacts businesses leasing commercial spaces, who must now ensure accurate GST compliance and timely...

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