Meaning of business entity
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 April 2013
Sir,
Whether Trust ( Educational Institutions) are business entity under Service Tax? Do reverse charge mechanism is applicable to Educational Instituions?
Can you please clarify.
Regards
CA.A.Joseph Amul Raj
Whether Trust ( Educational Institutions) are business entity under Service Tax? Do reverse charge mechanism is applicable to Educational Instituions?
Can you please clarify.
Regards
CA.A.Joseph Amul Raj
01 April 2013
See 65B(17)
“Business Entity” means any person ordinarily carrying out any activity relating to industry, commerce or any other business or profession
“Business Entity” means any person ordinarily carrying out any activity relating to industry, commerce or any other business or profession
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 April 2013
Sir
This definition i also read from the book. The question is whether the function of the educational institution can be construed as " any activitity relating to industry, commercem or any other business or profession. If so whether reverse charge mechanism is also applicable?
This definition i also read from the book. The question is whether the function of the educational institution can be construed as " any activitity relating to industry, commercem or any other business or profession. If so whether reverse charge mechanism is also applicable?
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