Rcm under llp
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 February 2016
Dear Sir,
Can you please tell me is RCM applicable in case of LLP? Below is my observation with attached file :-
“Body Corporate” means the meaning assigned to in clause (7) of Section 2 of the Companies Act, 1956 and section 2(1 1) of 2013 Act.
a) Company , corporation and LLP are ‘body corporate’
b) Firm, HUF , T rust and Co-operative society are not ‘body corporate’
c) But firm includes LLP for Service T ax
So, the service tax on reverse charges mechanism shall be discharged by LLP also.
So sir requesting you kindly go through the attached file & give me your valuable opinion.
Can you please tell me is RCM applicable in case of LLP? Below is my observation with attached file :-
“Body Corporate” means the meaning assigned to in clause (7) of Section 2 of the Companies Act, 1956 and section 2(1 1) of 2013 Act.
a) Company , corporation and LLP are ‘body corporate’
b) Firm, HUF , T rust and Co-operative society are not ‘body corporate’
c) But firm includes LLP for Service T ax
So, the service tax on reverse charges mechanism shall be discharged by LLP also.
So sir requesting you kindly go through the attached file & give me your valuable opinion.
Ganeshbabu K
(Expert)
18 February 2016
Yes,LLP is body corporate and applicable for reverse charge.
Mere partnership firm not a body corporate.
Mere partnership firm not a body corporate.
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