LLP firm considered as Body Corporate or not

Can I have clarification with reason of LLP firm is considered as Body Corporate or not. Being a proprietorship firm of car rental and under 5% GST shall I charge GST to LLP or not as notification 20/2019 says proprietorship firm can not charge GST to Body Corporate and it is to be pais in RCM
Replies (3)
Quick Summary
This discussion seeks clarification on whether an LLP firm is legally considered a Body Corporate. The user, operating a proprietorship car rental business with 5% GST, is unsure if they should charge GST to an LLP. They are questioning the applicability of Notification 22/2019, which suggests proprietorships cannot charge GST to Body Corporates, implying Reverse Charge Mechanism (RCM) might apply. The conversation also touches upon the definition of Body Corporate under the LLP Act 2008 and Companies Act 2013, and the correct GST rate (5% vs. 12%) depending on forward or reverse charge.

Body Corporate is define under section 2(d) of the LLP Act 2008 and section 2(11) of the Companies Act 2013 , please refer and take others opinion as well.
Correction:
Notification 22/2019
I just don't how can you raise invoice at 5%. it's either the LLP should pay reverse charge under 5% or you will have to raise invoice at 12% if it's forward charge

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Follow