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Pradeep sen (SEMI CA)     08 September 2021

GST ITC on hospital rent

A hospital (Pvt.Ltd.) paid GST on rent  can claim ITC in following situation;

1. if pharmacy owned by the hospital.

2. if pharmacy outsourced by them.

also suggest weather it is beneficial to run own pharmacy coz company taxed @ 25% and individual taxed @ 30% after 10Lakhs of income.

 



 3 Replies

Rama chary Rachakonda

Rama chary Rachakonda (Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)     08 September 2021

As a result payment of GST on rent of the premises remains non set-off against output tax i.e., ITC cannot be availed due to nil tax payable under GST law on supply of medical services to the patients. That there is no provision to get refund of ITC to the extent of GST paid/payable on the rent of the premises.

Pradeep sen

Pradeep sen (SEMI CA)     08 September 2021

Sir,

if we run own pharmacy then there will be tax payable situation.

in that case, can we claim ITC ?

Rama chary Rachakonda

Rama chary Rachakonda (Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)     08 September 2021

ITC can be availed only on goods and services for business purposes


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