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It is a big relief to Covid patients who need to urgently approach private hospitals or who have not found a place in the government hospital. To date, the number of Covid Patients in India is 29,510,410 which is more than the population of some European countries. Out of the aforesaid figure, nearly 374,305 people […]
The states have welcomed the decision of the government to reduce the cost of the covid-19 testing kit whose price was Rs 2250 to Rs 1500 along with flexibility in the ambulance service rates. The private hospitals have requested the state government for compensation in GST on the covid-19 kits. “As the state government caps […]
The Indian Medical Association (IMA), which has 2.7 lakh specialists under its overlay, has asked the administration to excluded social insurance administrations and healthcare services offered by private healing facilities and hospitals from the Goods and Services Tax (GST).
The Hyderabad bench of the Income Tax Appellate Tribunal (ITAT) stated the taxpayer hospital is levying on the grounds of commercial rates from the patients and is not qualified for registration as a charitable organization under Section 12A of the Income Tax Act. The two-member bench of Laliet Kumar (Judicial Member) and R.K. Panda (Accountant […]
The GST introduction had not rationalised the average embedded tax on the hospitals and diagnostic laboratories, but rather than increasing it, an examination is opted out via global consultancy. During the inserted taxes rate of hospitals increased from 4.3% in 2016-17 to 5.7% in the GST period, it went up from 3.8% to 5.8% for […]
The Income Tax Department, yesterday, stated that the news published on the web portal along with the headline ‘IT goes after hospitals over unaccounted cash is unsupported and unsubstantiated. Previously, the portal announced that the Finance Ministry has given direction to the income tax officials to further investigate those cash transactions that have been done […]
Under Section 194J of the Income Tax Act, the Karnataka High Court ruled that the Third Party Administrator (TPA) is obliged to Tax Deducted at Source (TDS) on amounts given to hospitals. The petitioner is the owner of TTK Healthcare TPA Private Limited is a firm that provides 3rd party services on medical and health […]
A major point of discussion on Times Network’s annual flagship event — India Economic Conclave 2018 was PM Narendra Modi’s flagship the ‘Ayushman Bharat Scheme’. Akrita Reyar, Chief Editor (Digital), Times Network caught up with Apollo Hospitals MD Suneeta Reddy at the event to know the laters take at the health insurance scheme and also the future needs of India’s abysmal healthcare sector.
In this pandemic time when our country is fighting against Coronavirus Outbreak, the medical organizations have asked the government to think about eliminating GST on sanitizer products and masks Grab the information of revised GST slab rates on consumer products in India, Although the GST council finalized the slab rates like 5%, 12%, 18% and […]
