Two individuals running separate proprietorship firm regd with GST. both are a joint owner of a commercial property. a rent agreement has been formed in which both are first party.
-how they will charge GST on rent ?
-both are interested to issue a single bill of rent in any name.
-Please suggest.
GST Law: Joint Property Owners Must Issue Separate Invoices Unless Forming an AOP, Says Expert. Two individuals, both GST-registered proprietors, jointly own a commercial property and seek advice on issuing a single GST invoice for rent. Amit Agrawal advises that each owner should issue separate invoices as they are distinct service providers. He notes that the law does not allow two registered suppliers to issue a single invoice unless an Association of Persons (AOP) is formed, which carries its own risks. Agrawal further clarifies that if both are financial owners, they must issue separate invoices, but if only one is the financial owner, a single invoice suffices. Kasturi Sethi concurs with Agrawal's assessment. (AI Summary)
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