Dear Sir,
GST will be payable under RCM from 18 July 2022 - Renting of Residential Property – in below cases :
When a Company, LLP, Firm, Proprietary concern etc., registered under GST takes a residential dwelling for the purpose of residence on rent for employees/Director , GST will be payable under RCM and the ITC of the GST paid under reverse charge can be claimed.
1. The exemption has been withdrawn vide CGST(Rate) Notification no. 04/2022 dated 13.07.2022.
2. Same has been notified under RCM vide CGST(Rate) Notification no. 05/2022 dated 13.07.2022.
