It has been held by the AAR that when the rent is collected together and divided equally between respective co-owners of a jointly owned property, the small business exemption for registration under GST will be available to all the co-owners separately. The total rent from all the properties will not be a factor in this case.
Author: Legal Advice Guru
I am a co-owner in possession to the extent of 3/4th share in a property situated in village in Punjab. My brothers are co-owners to the extent of 1/4th share. Can I seek the grant of injunction from the competent court of law restraining my brothers against alienating the suit property to the extent of more than their share as they are changing the nature of the suit property by raising construction illegally and forcibly.