The Government has introduced RCM for renting commercial property from unregistered person to registered person. this is introduced to reduce any tax evasion. This happens in the 54th meeting GST council meeting held on September 2024,aimed to reduce the revenue leakage between unregistered and registered entities.
This change will come into effect from 10/10/2024
Condition of the applicability is given below:
| Supplier | Receiver |
| Any unregistered person | Any registered person |