TaxTMI 
TaxTMI 
Remuneration of Partners and Profit share in a Partnership Firm is to be considered in 80 : 20 Rule for Real Estate Client ? If yes can the same be considered in 80% limit where the partner is a Registered taxable person and if it’s a Yes, whether he is required to Raise an Invoice for the same?
REAL ESTATE GST LEVY 80:20
12 Apr 2020 
1 Reply 
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GST treatment of partner remuneration in real estate context: treated as salary and therefore not liable for GST.
Whether partner remuneration and profit share fall within the 80:20 real estate GST allocation and whether a registered partner must issue an invoice is queried; the advisory response treats partner remuneration as salary, stating it is not liable for GST and need not be treated as an invoiced taxable service. (AI Summary)
Whether partner remuneration and profit share fall within the 80:20 real estate GST allocation and whether a registered partner must issue an invoice is queried; the advisory response treats partner remuneration as salary, stating it is not liable for GST and need not be treated as an invoiced taxable service. (AI Summary)