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Body corporate definition.
whether Body corporate includes partnership firm for the purpose of applicability of Gst on Rcm basis.
Replies (5)
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
which supply of service are u referring to because i think partnership firm is including
security services
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)
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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