https://www.taxtmi.com/forum/issue?id=117766 The Notification's explanation both adopts the inclusive Companies Act definition of "body corporate" and separately provides that an LLP "shall also be considered as a partnership firm or a firm," producing an interpretive conflict. Contributors note precedent and administrative guidance suggesting LLPs may not uniformly be "body corporate," while others advise that, given the Companies Act reference and the RCM scheme's revenue-protection purpose, treating an LLP as a body corporate for reverse-charge compliance is a conservative and practicable approach. en-us Mon, 17 Jan 2022 18:36:47 +0530 Thu, 23 Jan 2025 15:54:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=117766 The Notification's explanation both adopts the inclusive Companies Act definition of "body corporate" and separately provides that an LLP "shall also be considered as a partnership firm or a firm," producing an interpretive conflict. Contributors note precedent and administrative guidance suggesting LLPs may not uniformly be "body corporate," while others advise that, given the Companies Act reference and the RCM scheme's revenue-protection purpose, treating an LLP as a body corporate for reverse-charge compliance is a conservative and practicable approach. Discussion-Forum GST Mon, 17 Jan 2022 18:36:47 +0530 https://www.taxtmi.com/forum/issue?id=117766