As per the latest amendments in the GST Act on 18th July 2022, renting out an immovable property for a residential purpose would be treated as a supply of services and will attract GST at 18%. It will be covered under Reverse Charge Mechanism (RCM) [Amendment in Reverse Charge Mechanism under Section 9(3) of CGST Act vide Notification No. 05/2022-CT (Rate) dated 13.07.2022, w.e.f. 18.07.2022]

Whether you are renting out your residential property, or you are renting a property for personal residential purpose, this video will help you understand how will this new amendment impact you.

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