VATupdate
VAT

No GST on medicines, implants, etc., used in medical treatment being ‘Composite Supply’ of healthcare services

Where applicant was a muti-speciality tertiary care hospital providing health care services, medicines, consumables, surgical and implants used in course of providing health care services to patients admitted to hospital for diagnosis or treatment would be considered as “composite supply” of inpatient services classifiable under SAC 999311 and consequently exempt under Notification no. 12/2017-C.T. (rate) dated 28.6.2017

Source: taxmann.com

* click here if you have interesting news to share *