Service tax

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05 June 2013 What is the new definition of Body Corporate under Service Tax Act ?

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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05 June 2013 As per rule 2(bc) of Service Tax Rules,1994 ‘body corporate’ has meaning assigned to it in section 2(7) of Companies Act, 1956.

As per section 2(7) of Companies Act,1956 ‘body Corporate’ or ‘corporation’ includes a company incorporated outside India, but does not include –
(a) corporation Sole
(b) registered Co-operative Society
(c) any other body corporate (Except a company defined under Companies Act) as may be notified by Central Government.

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05 June 2013 In the case of Service Tax on Labour Supply, is reverse charge mechanism of paying service tax applicable if the service recipient is a partnership firm ?