https://www.taxtmi.com/article/detailed?id=6059 The statutory business entity for service tax means any person ordinarily carrying on industry, commerce, any other business or a profession, thereby extending exemptions and reverse charge obligations to individuals as well as associations and corporate forms. 'Business' is read broadly to include regular, organized and continuous activities directed to livelihood or profit, with incidental acts connected to running, preserving or modernizing the concern falling within its scope; 'entity' denotes an independent legal existence including varied organizational forms. en-us Wed, 11 Feb 2015 09:54:11 +0530 Wed, 11 Feb 2015 09:54:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6059 The statutory business entity for service tax means any person ordinarily carrying on industry, commerce, any other business or a profession, thereby extending exemptions and reverse charge obligations to individuals as well as associations and corporate forms. 'Business' is read broadly to include regular, organized and continuous activities directed to livelihood or profit, with incidental acts connected to running, preserving or modernizing the concern falling within its scope; 'entity' denotes an independent legal existence including varied organizational forms. Articles Other Topics Wed, 11 Feb 2015 09:54:11 +0530 https://www.taxtmi.com/article/detailed?id=6059