Business

Big relief to traders taking advantage of composition scheme, now 18% GST waived on rental property.

CBIC excludes GST on rental of immovable property under RCM: The Central Board of Indirect Taxes and Customs has announced a rebate of 18 percent GST, giving a big relief to small traders and entrepreneurs registered under the composition scheme. According to the new CBIC notification, the structure means that …

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