The Central Government vide Notification No. 09/2024 has extended the applicability of Reverse Charge Mechanism to Service by way of Renting of any property other than residential dwelling with effect from 10th October 2024.
| Supplier | The Building or Property owner who is unregistered under The GST Act |
| Recipient | Any Person Registered under The GST Act. |
| Nature of Supply | Service by way of renting of any property other than residential dwelling. |
| GST Liability | GST shall be paid by Recipient of supply under Reverse Charge Mechanism. |
| Effective Date | With effect from 10th October 2024. |
For the Notification Dated 08/10/2024, Click below