Sharing of revenue

A AND B ARE PARTNERS IN FIRM DOING BUSINESS OF RESIDENTIAL HOTEL AT MUMBAI.HOTEL BUILDING IS ON THE NAME OF PARTNERS..EARIER THEY WERER CHARGING RENT TO THEIR PARTNERSHIP FIRM FOR USE OF PERSONAL BUILDING .THEY WERE CHARGING GST 18% TO FIRM.NOW THEY WANT TO MAKE AGREMENT WITH THEIR OWN FIRM FOR REVENUE SHARING THAT A WILL GET 45%,B GET 45% AND FIRM GET 10%.WHETHER  THERE IS ANY GST TAX LIABILITY ON SALE REVENUE SHARING,ON BUILDING OWNERS 

Replies (3)
it's agreement not valid because firm not become a partner in firm

AGREEMENT BETWEEN MR A MRS B ONESIDE AND PARTNERSHIP FIRM OTHERSIDE

The partnership has no legal ownership on the property... hence, it can not... though its a business income and they may enter into an agreement with the firm for maintenance and management of the organisation. Though its not clear what purpose will it solve.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
20 September 2026
Semi Qualified CA

Navin & Associates

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 04 September 2026
Accounts Executive

Hema Yashwanth & Associates

Chennai

B.Com

View Details
Company
Featured 11 September 2026
Audit Executive

RBSM Corporate Advisors Private Limited

Pune

CA

View Details
Company
15 September 2026
Client-site CA associate

Aditya Muley and Co

Mumbai

CA

View Details
Company
Featured 21 September 2026
Consultant - Reporting

Finrep Advisors LLP

Mumbai

CA

View Details
Company
08 September 2026
Semi-Qualified Assitant

Subrahmanyam & Sivudu CA Firm

Hyderabad

CA Inter

View Details
Company
09 September 2026
SENIOR AUDITOR & ACCOUNTS MANAGER

Anupam Parashar & Co.

Ghaziabad

CA Final

View Details
Company
ARTICLESHIP 15 September 2026
Freelance Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details