RCM - Rent

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....CM - Rent<br> Query (Issue) Started By: - Ethirajan Parthasarathy Dated:- 17-10-2024 Last Reply Date:- 18-10-2024 Goods and Services Tax - GST<br>Got 1 Reply<br>GST<br>A HUF consisting of Father and s....

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....on owns a commercial property. It is let out to a firm in which son is a partner (75%) share, with third party. HUF is not registered under GST. Due to financial problem in the firm, the landlord agr....

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....ees to waive off rent for few months. My query is whether the firm and landlord will be treated as related parties, quantum of rent fixed can be questioned and whether RCM tax is still payable even th....

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....ough rent is waived off by the landlord. Reply By Shilpi Jain: The Reply: Firm and HUF would be related parties considering that the son has controlling powers under both. GST liable on market valu....

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....e under RCM now sicne HUF not registered under GST.<br> Discussion Forum - Knowledge Sharing ....