If proprietor (Registered with GST) is having joint house property wherein Joint holder is his son who is not registered under GST. They have rented the property and rent received (Income) during the year from their joint rented property they will share 50% each for income tax purpose.
Whether the proprietor is liable to pay RCM under the above condition. if yes whether he has to pay RCM on 50% or 100% of rent received.
GST Co-Owner Not Liable for Reverse Charge on Rent; RCM Applies Only if Tenant is Registered A proprietor registered under GST co-owns a rental property with his son, who is not registered under GST. They split the rental income equally for tax purposes. The query concerns whether the proprietor must pay Reverse Charge Mechanism (RCM) on the rental income. One response clarifies that both co-owners are service providers, so the proprietor is not liable for RCM. Another response states that RCM liability arises only if the property is rented to a registered person, making the tenant liable, not the landlord. (AI Summary)
TaxTMI 
TaxTMI 
TaxTMI 
