Business entity vs body corporate

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Querist : Anonymous

Querist : Anonymous (Querist)

05 August 2015 What does mean by Business Entity Under Service Tax?

Diff between Business Entity and Body
Corporate?

CA John Abraham Austin ACA

CA John Abraham Austin ACA (Expert)
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05 August 2015 Business entity means, the persons who carry business in the nature of Trade, Commerce/ Industrial Undertaking. Let it be individuals, firms, company, AOP, BOI.

CA John Abraham Austin ACA

CA John Abraham Austin ACA (Expert)
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05 August 2015 Body corporate means- companies incorporated outside India/ In India under a law prevailig in that country.

I.e, Apple Inc, . IHI Corporation etc.

Hope your doubt is cleared.

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Querist : Anonymous

Querist : Anonymous (Querist)

05 August 2015 Thanks for the reply......In your reply under Business entity also mentioned Company and In Body Corporate also mentioned Company.

Companies Pvt ltd And Pub.Ltd regd. under companies act will come under which category

CA John Abraham Austin ACA

CA John Abraham Austin ACA (Expert)
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05 August 2015 Yes. No distinction whether private of public company.