Important Keyword: Notification No. 09/2024 – Union Territory Tax (Rate), reverse charge GST property, GST corrigendum 2024, immovable property GST, Finodha GST experts,
Words: 772; Read time: 4 minutes.
[F. No. 190354/149/2024-TO (TRU-II)-Part-I CBEC]
Government of India
Ministry of Finance
(Department of Revenue)
New Delhi, the 22nd October, 2024
To read “any immovable property” for “any property”, as mentioned in Notification No. 09/2024-UT(R)
Table of Contents
GST [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]
GSR……(E).- In the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No.09/2024-Union Territory Tax (Rate), dated the 8th October, 2024, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number
G.S.R. 624(E), dated the 8th October, 2024, at page number 25, against serial number 5AB, in the table, in column (2) in the line 13, for “any property” read “any immovable property”.
(Dilmil Singh Soach)
Under Secretary to the
Government of India
Frequently Asked Questions (FAQs): Corrigendum Notification No. 09/2024 – Union Territory Tax (Rate)
Q1: What is the corrigendum to Notification No. 09/2024 – UT Tax (Rate)?
Answer:
The corrigendum, dated 22nd October 2024, replaces the term “any property” with “any immovable property” in entry 5AB of Notification No. 09/2024-UTT (Rate). This ensures clarity that the reverse charge mechanism (RCM) applies only to immovable property rentals from unregistered persons.
—
Q2: Why was this correction necessary?
Answer:
The term “any property” was broad and ambiguous—it could imply movable property like laptops, vehicles, etc. The corrected term “any immovable property” now aligns with the GST intent to apply reverse charge only to real estate and commercial property leases.
—
Q3: Which original notification was impacted by this corrigendum?
Answer:
Notification No. 09/2024–Union Territory Tax (Rate), which amended Notification No. 13/2017–UT Tax (Rate), is the corrected document.
🧾 View related GST RCM help: https://finodha.in/gst-compliance/
—
Q4: What does “immovable property” include in GST context?
Answer:
Immovable property under GST includes land, buildings, commercial spaces, warehouses, etc. Rentals of such property from unregistered landlords will now clearly attract GST under reverse charge.
—
Q5: Does this affect reverse charge applicability to residential property rent?
Answer:
No❌. Residential dwellings are already excluded. The corrigendum clarifies that only commercial immovable properties are under reverse charge when rented from unregistered persons.
—
Q6: What is the date of effect for this corrigendum?
Answer:
The corrigendum was issued on 22nd October 2024 and is applicable immediately from that date.
—
Q7: What is the practical implication for registered persons in UTs?
Answer:
Registered taxpayers leasing commercial property in Union Territories from unregistered persons must:
✔️ Pay GST under RCM on rent
✔️ Claim Input Tax Credit if eligible
✔️ Report in GSTR-3B from 22 October 2024 onward
—
Q8: What is the official notification reference for this corrigendum?
Answer:
GSR…..(E) dated 22nd October 2024, F. No. 190354/149/2024-TO (TRU-II)-Part-I CBEC.
—
Q9: What legal section does this corrigendum relate to?
Answer:
This update relates to Section 9(3) of the CGST Act, 2017 as adopted by Union Territory GST Act via Notification No. 13/2017 and amended by 09/2024.
—
Q10: Can Finodha assist in reverse charge GST compliance?
Answer:
Absolutely! Finodha offers:
✅ RCM tracking and compliance
✅ GSTR-3B updates
✅ GST Audit support for property-based transactions
✅ Strategic advisory on real estate tax structuring
💼 Get expert help: https://finodha.in/gst-return-filing/
—
✅ Summary:
The CORRIGENDUM to Notification No. 09/2024 – Union Territory Tax (Rate) provides a critical clarification in GST law: only immovable property rentals from unregistered persons are subject to reverse charge in Union Territories. It ensures legal precision and prevents misapplication of GST rules to movable property.
💡 Related Finodha Services:
• GST Registration: https://finodha.in/online-gst-registration/
• ROC Compliance for Pvt Ltd: https://finodha.in/roc-compliance-for-private-limited-company/
• Digital Signature Certificate: https://finodha.in/online-dsc-digital-signature-certificate/
• MSME Udyam Registration: https://finodha.in/online-udyam-udyog-aadhar-msme-registration/
Download PDF: CORRIGENDUM to Notification No. 09/2024 – Union Territory Tax (Rate)
More Information: https://taxinformation.cbic.gov.in/
Read more interesting articles:
