REAL ESTATE GST LEVY 80:20

[Akash Aggarwal]

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?

[PAWAN KUMAR]

Remuneration is form of salary and not liable for gst as per my view.

AI Summary

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.