Only GST-registered tenants face rent tax

MUMBAI: Relax, if you are a salaried individual and have taken a residential flat on rent/lease, the recently introduced norms for levy of goods and services tax (GST) under the reverse charge mechanism (RCM) on rent that is paid will not apply.  Up to July 17, GST was not applicable on rent/lease fee if the residential property was rented out to 'any person'. Following the 47th GST Council r…