The Central Board of Indirect Taxes and Customs (CBIC) has, on the recommendation of the 55th GST Council Meet, excluded certain taxpayers from the composition levy scheme.
The Board has been notified to exclude taxpayers registered under composition levy scheme from the entry at Sr. No. 5AB introduced vide Notification No. 09/2024-CTR dated 08.10.2024 vide which renting of any commercial/ immovable property (other than residential dwelling) by unregistered person to registered person was brought under reverse charge mechanism.
Further, to regularize the period from the date when the notification No. 09/2024-CTR dated 08.10.2024, became effective i.e. from 10.10.2024 till the date of issuance of the proposed notification on “as is where is” basis.
Notification Details
Notification No. 07/2025- Central Tax (Rate)
Date: 16/01/2025
