Hospitals giving services to Inpatient and outpatient is exempt from TAX.
but the same hospital gives hospital space for rent to shops is taxable.and the same hospital gives franchise their brand name to other hospitals, collecting franchise fees is also taxable.
so now my question is how do the hospital claim input tax credit on all inward supplies.
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ITC for hospitals
Replies (1)
yes you can claim input in your inward supply but at the same time have to reverse in proportionate to exempted outward supply (only liable claim itc in attrutable taxable supply , plz refer rule 42 of cgst act)
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