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The government sources informed the media that the exemption of GST (Goods and Services Tax) on personal protection equipment like medical test kits, masks, sanitizers, and ventilators will neither benefit the manufacturers nor the customers. Presently, the GST is charged on masks at the rate of 5%, on ventilators and medical testing kits at the […]
GST council is speeding up to reexamine the exempting reinsurance business from GST. The same review is slated to emerge after the general elections spanning from April 19 to June 1, 2024, aimed at electing the 543 members of the lower house of Parliament, as per the report. The Council may furnish a clarification stressing […]
All India Institute of Medical Sciences (AIIMS) can claim GST Exemption on pure services obtained from Vendors, Telangana Authority of Advance Ruling (AAR) held. The bench of S.V. Kasi Visweswara Rao and Sahil Inamdar noted that the petitioner is not the Central Government but a “Governmental Authority” as it is made via the Government by […]
Supply of medicines, drugs, and consumables including food to furnish health care services to in-patients being treated in a hospital will be deemed as a composite supply under the GST system. Consequently, no GST shall be levied on it, Karnataka’s Authority for Advance Ruling (KAAR) stated. Spandana Pharma a Bengaluru-based company, went before AAR to […]
Indian Space Association (ISPA) asks for the GST exemption for the satellite firms and provides the tax holiday in the union Budget 2024-25 with a direction on improving the financials of the industry. “Extend the GST exemption to cover the manufacturing of satellites, launch vehicles, and ground equipment, along with a corresponding exemption on the […]
The Karnataka High Court has ruled that denying tax exemption to the government’s helicopter pilot trainer solely for the initial non-submission of Goods and Services Tax Identification Numbers (GSTIN) is unwarranted. Justice B. M. Shyam Prasad, presiding over the case, highlighted that although the GSTIN for the recipient organization was not initially provided, it can […]
On Wednesday, the Andhra Pradesh Medical and Sales Representatives Union (APMRSU) and the Federation of Medical Representatives Associations of India (FMRAI) held a protest, urging the government to lower medicine and medical device prices and exempt them from Goods and Services Tax (GST). U.V. Krishnaiah, the State general secretary of APMRSU, highlighted that medical and […]
A Parliamentary Panel has urged the Centre to grant GST exemption to imported pharmaceutical products utilized by hospitals or scientific institutions engaged in life-saving medication and treatment research. Adhir Ranjan Chowdhury, a Congress member and the Panel’s Chairman, emphasized that offering incentives to entities like cancer institutes would significantly bolster the development of medicines aimed […]
For the case of Shri R.Gopalsamy, the Authority of Advance Ruling (AAR Tamilnadu) directed that the rent obtained via warehouse for storing the Agricultural Produce Exempt from GST. The Question and Ruling are as follows: Tamil Nadu GST AAR Ruling Applicant Name Shri R.Gopalsamy GSTIN of the applicant 33AEJFS5190J1ZO Applicant Samco Logistics LLP Tamil Nadu […]
