If an unregistered landlord rents out a commercial property to a registered tenant, the reverse charge mechanism (RCM) applies. In this scenario, the tenant is liable to pay 18% GST directly to ...

To be eligible for the Composition Scheme under GST, a business must meet certain conditions. First one is no Inter-State Sales which means the business can only sell goods or services within the same ...

GST Council meeting: During the 54th GST Council meeting, the renting of commercial properties has been brought under the Reverse Charge Mechanism (RCM), according to Revenue Secretary Sanay Malhotra.

Madras High Court reviewed the case of Tvl. Saras Electricals v. State Tax Officer, where the petitioner challenged a GST assessment order dated March 1, 2024, for the assessment year 2021-22. The ...

With the GST rate rationalisation exercise in focus, sources tell CNBC-TV18 that the government is unlikely to introduce a ...