Gst on revenue sharing from pharmacy
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 August 2017
Sir ,
I have a private clinic with pharmacy. The pharmacy is outsourced with Memorandum of understanding to a third party on profit sharing. The profit will be shared on 30/ 70 between Third party( who is GST registered) and me. My aggregate turnover from medical services + pharmacy is above 20 lakhs.
What is the GST implication of this revenue sharing model? If GST has to be paid under what head of service it has to be paid?
I have a private clinic with pharmacy. The pharmacy is outsourced with Memorandum of understanding to a third party on profit sharing. The profit will be shared on 30/ 70 between Third party( who is GST registered) and me. My aggregate turnover from medical services + pharmacy is above 20 lakhs.
What is the GST implication of this revenue sharing model? If GST has to be paid under what head of service it has to be paid?
CA R SEETHARAMAN
(Expert)
19 August 2017
No GST on health care services. Your pharmacy is liable for GST.
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