The Reverse Charge Mechanism (RCM) in the context of GST on commercial leases is a provision where the tenant (rather than the landlord) is liable to pay GST directly to the government. It typically applies when the landlord is not registered for GST but the property is used for commercial purposes.
The Reverse Charge Mechanism on residential property rented to businesses was introduced in the Union Budget 2022 and caught many companies off guard. Businesses renting residential accommodation for employee use or as a registered business address should review their GST compliance obligations and ensure proper accounting and ITC treatment from the commencement of the lease.

Technology and Innovation
‘‘The purpose of a business is to create and keep a customer’’, Peter Drucker, a famous writer, and management consultant said prolifically. The realm of CRM scope covers customer discovery, interactions, service, care, retention, and loyalty. The term Customer Relationship Management (CRM) was c
12th April 2024

Technology and Innovation
‘‘The purpose of a business is to create and keep a customer’’, Peter Drucker, a famous writer, and management consultant. Every business, lives, profits and grows with this mantra. Business that succeeded across all the previous industrial revolutions including mechanisation, electrification, aut
25th April 2024

Technology and Innovation
‘‘The purpose of a business is to create and keep a customer’’, Peter Drucker, a famous writer, and management consultant. Every business, lives, operates, and thrives with this mantra. Customers today, in addition to goods and service also want convenience, self-service and personalisation. They
21st May 2024

Technology and Innovation
‘‘The purpose of a business is to create and keep a customer’’, Peter Drucker, a famous writer, and management consultant said prolifically. The realm of CRM scope covers customer discovery, interactions, service, care, retention, and loyalty. The term Customer Relationship Management (CRM) was c
12th April 2024

Technology and Innovation
‘‘The purpose of a business is to create and keep a customer’’, Peter Drucker, a famous writer, and management consultant. Every business, lives, profits and grows with this mantra. Business that succeeded across all the previous industrial revolutions including mechanisation, electrification, aut
25th April 2024


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