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IMA Seeks GST Exemption of Health Care Services Offered by Private Hospitals

GST Exemption

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).

IMA expressed that exclusion of GST to private segment should bring about a few advantages which will incorporate no expansion in the cost of social medical services being given by the private part, reasonable human services benefits in India, annihilation of any plausibility of demoralizing future interests in the segment, among others.

Read Also: GST Impact on Indian Pharmaceutical Industry

Currently, health and medical services administrations gave by a wide range of clinical foundations are exempted from administration charge under the mega exception warning, issued in June 2012, which are entirely characterized to cover analysis, treatment and look after disease, or deformation.

Dr K K Aggarwal, the national president-elect of IMA told that, “We welcome the government’s decision on enforcing the GST and feel that it will increase transparency and improve efficiency in the country, However, we feel that the GST exemption of health care services offered by governmental institutions should be extended to the private sector as well.”

Related: Free Download Gen GST Software for GST India

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Published by Subodh Kumawat
Subodh has done with numerous professional degrees ranging from Human Rights to Banking along with MBA in HR Marketing. He is also interested in the field of tax-related articles and blog as per the industry based norms. Having expert knowledge in diverse sectors, he assures facts and figures along with testimony, in his articles. Working in SAG Infotech, he is a trusted author among the readers globally. View more posts
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