Body corporate definition.
Gopinadh Jinugu (27 Points)
16 February 2019
whether Body corporate includes partnership firm for the purpose of applicability of Gst on Rcm basis.
5 Replies
Pankaj Rawat
(GST Practitioner)
(55047 Points)
Replied 16 February 2019
Body Corporate” has the same meaning as assigned to it in clause (11) of section 2 of the
Companies Act, 2013.
Hence , Partnership firm Does not fall under definition of Body corporate
Companies Act, 2013.
Hence , Partnership firm Does not fall under definition of Body corporate
Pankhuri Agrawal
(Chartered Accountant)
(412 Points)
Replied 16 February 2019
which supply of service are u referring to because i think partnership firm is including
Pankaj Rawat
(GST Practitioner)
(55047 Points)
Replied 16 February 2019
Yes , any person other than Body corporate , means partnership firm & individual (Execpt company ,LLP)
Refer Notification 29/2018 CT (r)
Refer Notification 29/2018 CT (r)
Ritik Chopra
(student)
(8128 Points)
Replied 09 February 2021
As per sub section (11) of section (2) of Companies Act, 2013 “body corporate” or “corporation” includes a company incorporated outside India, but does not include Co-operative societies or any other Body corporate specify central government in this behalf. In my opinion a partnership firm will not come under the definition body corporate for this purpose.
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