- SRB has introduced a 3% sales tax on hospital rooms and beds
- The decision aims to streamline tax regulations related to healthcare services
- Services provided by hospitals and clinics were initially exempt from SST
- The reduced sales tax rate applies to charges exceeding Rs 25,000 per day
- Procedures for collection and payment of sales tax are specified in Rule 42K
- Hospitals and clinics must act as ‘collection agents’ for services provided by medical practitioners
- Compliance with regulations is essential for smooth implementation
- The adjustment aims to enhance tax compliance in the healthcare sector
- Stakeholders are encouraged to familiarize themselves with the amended rules and comply diligently
- SRB continues to monitor and refine tax policies to support economic growth and transparency
Source: pkrevenue.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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