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Informative

CBIC issues Corrigendum to GST RCM Notification on Renting Immovable Property

Update / Judgement Date

23 Oct 2024

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

GST

The Central Board of Indirect Taxes and Customs (CBIC) issued a corrigendum to the reverse charge mechanism (RCM) notification on renting immovable property under GST. The corrigendum clarifies aspects of the notification that apply to both individuals and businesses involved in renting activities. It ensures compliance with GST rules and removes ambiguities that could lead to misinterpretations or non-compliance by taxpayers.