Gst - luxury tax vs vat

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Sir,

Can the tax paid on rent of hospital building and luxury tax on room rents be set off against tax payable on pharmacy sales

 

Replies (4)

Luxury tax will be abolished, healthcare by hospital will be exempted service.............no output GST........ so no ITC.

Sir,

It is true that there is no tax on output ie., hospital services. But on sale of medicines to both inpatient and outpatient and outsiders we have to pay vat. As there is no separte tax head as VAT etc.,s and all are GST why can't we claim input? 

Thanks in advance,sir.

The Vat will be repaced with GST.

So, for the GST paid on medicine............ you can take deduction over the GST collected over sale of the medicine.......... and for that you will have to register the hospital business under GST........


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