To bring renting of commercial property by an unregistered person to registered person under RCM to prevent revenue leakage - F.12(1)FD/Tax/2024-99 - Rajasthan SGST
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Reverse charge on renting of non-residential property: registered recipients now liable when supplier is unregistered. Amendment imposes a reverse charge on renting of any property other than residential dwelling where the supplier is unregistered and the recipient is registered, shifting tax liability to the registered recipient to capture taxable non-residential rental transactions and prevent revenue leakage.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Reverse charge on renting of non-residential property: registered recipients now liable when supplier is unregistered.
Amendment imposes a reverse charge on renting of any property other than residential dwelling where the supplier is unregistered and the recipient is registered, shifting tax liability to the registered recipient to capture taxable non-residential rental transactions and prevent revenue leakage.
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