GST: RCM applicable to Service of rental of unmovable Property by Govt to Registered Persons
The Central Government notified today that the provision of real estate services by the central Government, the State Government, the territory of the Union or the local administration by leasing real estate to a person registered under the Central Tax Law on goods and services, 2017 is subject to Tax on goods and services (GST) under the form of reverse charge.
Under the new tax regime, any type of lease or rental of real estate for business would attract GST to 18%, since it would be treated as a service provider.
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