What is the definition of Business entity under GST?
5 Replies
Ruchika Somani
(Coaching and Practice in Tax Audit Law.)
(4429 Points)
Replied 23 August 2018
Business entity means any person carrying out business
shilpi
(student)
(780 Points)
Replied 23 August 2018
Business entity means registered person u/s2(84) CGST act 2017.Right?
Vikas kumawat
(Student - CA Final)
(252 Points)
Replied 11 November 2020
Business entity would mean any persons including individual who carries out any of the following activities in ordinary course –
(a) industry,
(b) commerce,
(c) any other business , or
(d) profession.
Now if the turnover exceed the threshold limit given under GST Act it will be called registered business entity.
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