Itc claimed rule for hospital medical stores
This query is : Resolved
27 June 2021
sir,
Assess running a private hospital included medical stores. if a medical stores sales transcations two types 1. sales to inpaitents 2. sales to out patients.
Question:
Assess sales of medicines turnover(outward supplies) output claimed on inpatients sales or outpatients sales or both services sales applicable ratio formula in gst act.
Assess running a private hospital included medical stores. if a medical stores sales transcations two types 1. sales to inpaitents 2. sales to out patients.
Question:
Assess sales of medicines turnover(outward supplies) output claimed on inpatients sales or outpatients sales or both services sales applicable ratio formula in gst act.
27 June 2021
Claim full ITC first for medical supplies in stores and then reverse proportionately for exempt outward supplies.
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