What is the definition of Business entity under GST?
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Business entity
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Business entity means any person carrying out business
Business entity means registered person u/s2(84) CGST act 2017.Right?
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.
What is the source of your defination ??
sec 65B(17) finance Act
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