Dear All,
Good day to all,
I am a Finance Professional have a question in Regards to GST
There are several Service Industry such as Healthcare who are exempted from GST as they cannot charge GST to there Patient (Example- Diagnostic Laboratory Chain) but the Material like ( Reagant & Consumables) they purchase from vendors and get Charged with GST on it which is a Cost to the Company on addition to the cost of Product as because we cannot charge GST from Patients who comes to Diagnostic Laboratories for Services
Is there any Clause which help this industry to save some Cost on the GST which is charged to them but they cannot take claim of it as they dont have Output Tax Scenario but they Pay Input Tax.
Regards
Abhishek Kapoor
CAclubindia
