Chartered Accountant firms, Hospitals under Taxman’s lens
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Chartered Accountant firms and hospitals are under scrutiny after the revenue department found mismatches between their income tax and indirect tax filings.
Tax authorities have also decided to slot consultant doctors as ‘intermediaries’ for taxation purposes even as medical services are outside the purview of goods and services tax (GST), people aware of the development said.
The tax department has issued notices to several hospitals, they said. (Source - Economic Times)
Tax authorities have also decided to slot consultant doctors as ‘intermediaries’ for taxation purposes even as medical services are outside the purview of goods and services tax (GST), people aware of the development said.
The tax department has issued notices to several hospitals, they said. (Source - Economic Times)
Category : Income Tax | Comments : 1 | Hits : 2386
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Comments
ANIL P
01-Mar-2021 , 04:00:44 pmSir, for in patient treatment, medicines are not covered by GST. But most hospitals bill with GST by inside but separate pharmacy unit arrangement to get input credit. This is bypassing the intention of law. Even if the patient object, due to MRP Billing, he may not get any cost benefit. Are Medical Insurance companies aware of this? Govt is sitting happy and hapless common man/patient pays.