Defintion of businees entity
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 April 2016
Dear Friends,
Under Service Tax Act, The term Business Entity covers Society also?
Thanks.
Under Service Tax Act, The term Business Entity covers Society also?
Thanks.
17 April 2016
Yes any entity, irrespective of its constitution rendering taxable services is treated as abusiness entity. The Trust is also covered, though there are certain exemptions on fulfilling the laid down conditions.
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