TaxTMI 
TaxTMI 
I am the owner of commercial space. I am using this space for my CA FIRM and I do not charge any rent. Is GST payable under RCM from 10/10/2024 on notional rent?
Notional RENT GST Applicability
14 Feb 2025 
3 Replies 
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Notional rent GST: free provision of commercial premises may attract reverse charge liability on the owner requiring registration.
Where an individual owner provides commercial premises free to a distinct firm for business use, the provision is a supply attracting GST under the Reverse Charge Mechanism; the owner must obtain GST registration and pay tax, with notional rent valued by market value principles or applicable GST valuation provisions. If both parties lack GST registration, no GST liability arises in the absence of registration. (AI Summary)
Where an individual owner provides commercial premises free to a distinct firm for business use, the provision is a supply attracting GST under the Reverse Charge Mechanism; the owner must obtain GST registration and pay tax, with notional rent valued by market value principles or applicable GST valuation provisions. If both parties lack GST registration, no GST liability arises in the absence of registration. (AI Summary)