Скачать с ютуб 🏢 GST Update: Simplification in Renting of Commercial Property! 📜** в хорошем качестве

🏢 GST Update: Simplification in Renting of Commercial Property! 📜**

The *55th GST Council* has proposed crucial amendments to *Notification No. 09/2024-CTR* concerning the *Reverse Charge Mechanism (RCM)* on renting of commercial/immovable property. *Key Changes:* 1️⃣ **Exemption for Composition Scheme Taxpayers**: *RCM no longer applies* to taxpayers registered under the *composition levy scheme* for renting commercial/immovable property. This removes an unnecessary compliance burden for small taxpayers. ✅ 2️⃣ **Regularization Period**: The period from *10.10.2024* (effective date of Notification No. 09/2024-CTR) to the issuance of the new rules will be regularized on an **“as-is-where-is” basis**. No retrospective penalties or disputes for this period. 🚫⚖️ **What It Means**: ✔️ **Relief for Small Taxpayers**: Composition dealers, who cannot claim ITC, benefit from reduced compliance. ✔️ **No Retrospective Confusion**: Ensures clarity and avoids legal issues for past transactions. ✔️ **Easier Compliance**: Simplifies tax processes for small business owners under the composition scheme. These updates reflect the GST Council’s commitment to ease compliance for small taxpayers while maintaining clarity in tax administration. 👉 Need help navigating these changes? Feel free to connect! 💬 #GSTUpdate #ReverseChargeMechanism #CompositionScheme #EaseOfCompliance