𝐑𝐞𝐧𝐭𝐢𝐧𝐠 𝐨𝐟 𝐜𝐨𝐦𝐦𝐞𝐫𝐜𝐢𝐚𝐥 𝐩𝐫𝐨𝐩𝐞𝐫𝐭𝐲 𝐛𝐲 𝐚𝐧 𝐮𝐧𝐫𝐞𝐠𝐢𝐬𝐭𝐞𝐫𝐞𝐝 𝐨𝐰𝐧𝐞𝐫 𝐭𝐨 𝐚 𝐭𝐞𝐧𝐚𝐧𝐭 𝐬𝐡𝐚𝐥𝐥 𝐧𝐨𝐰 𝐛𝐞 𝐜𝐨𝐯𝐞𝐫𝐞𝐝 𝐮𝐧𝐝𝐞𝐫 𝐑𝐂𝐌 𝐩𝐫𝐨𝐯𝐢𝐬𝐢𝐨𝐧 (𝐍𝐨𝐭𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐬𝐭𝐢𝐥𝐥 𝐚𝐰𝐚𝐢𝐭𝐞𝐝)
And as per Section 24, if you are liable to pay RCM, then GST registration is mandatory!
𝑰𝒏𝒅𝒊𝒓𝒆𝒄𝒕𝒍𝒚 𝒊𝒇 𝒚𝒐𝒖 𝒉𝒂𝒗𝒆 𝒕𝒂𝒌𝒆𝒏 𝒂 𝒔𝒉𝒐𝒑 𝒐𝒓 𝒈𝒐𝒅𝒐𝒘𝒏 𝒐𝒏 𝒓𝒆𝒏𝒕 𝒇𝒓𝒐𝒎 𝒂 𝒖𝒏𝒓𝒆𝒈𝒊𝒔𝒕𝒆𝒓𝒆𝒅 𝒑𝒆𝒓𝒔𝒐𝒏, 𝒚𝒐𝒖 𝒂𝒓𝒆 𝒔𝒖𝒑𝒑𝒐𝒔𝒆𝒅 𝒕𝒐 𝒓𝒆𝒈𝒊𝒔𝒕𝒆𝒓 𝒘𝒊𝒕𝒉 𝑮𝑺𝑻 𝒎𝒂𝒏𝒅𝒂𝒕𝒐𝒓𝒊𝒍𝒚!!
This provision would be draconian provision for small traders and service providers having turnover below 40 lakhs {or 20 Lakhs) even if they pay lower rents!
However, if you are engaged in solely exempt supply, then you are not liable to get registered (even if such renting RCM applicable) due to amendment in Section 23(2) vide Finance Act 2023.
Impacts of RCM on Commercial Rent
Very very good and very very simple
