GST Council’s Latest Decision Targets Revenue Leakage with New Rules on Commercial Property Rentals
GST Council’s 54th meeting introduces significant changes to commercial property rentals, applying Reverse Charge Mechanism (RCM) to transactions involving unregistered landlords to curb revenue leakage. Additionally, location and Preferential Location Charges are now classified under construction services with reduced GST rates, improving transparency and reducing friction in the real estate market.
