Example of business entity and body corporate

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Querist : Anonymous (Querist)
01 October 2014 example of Business entity and body corporate. for payment of service tax under RCM .

01 October 2014 Business entity is a big term and includes any entity carrying on business e.g firm , company etc.

Body Corporate means such entity created under statute e.g. Companies, Nationalised Banks, RBI, SIDBI etc partnership firms and trusts are not body corporate...



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