If you are a salaried person and you have taken a flat or any house for rent then the newly launched 18% good and service tax under the Reverse Charge Mechanism (RCM) will not apply to you. From 18 July 2022, a tenant has to pay 18% of GST if he/she is registered for GST. Although the 18% GST can be claimed back under the Input Tax Credit. (Input Tax Credit means claiming GST paid on purchasing of...