Enforcement of resolution-plan directions continues without a Supreme Court stay, preventing suspension of redistribution and escrowed-fund distributi...
Third-party ownership claims over attached property require Special Court adjudication where purchasers lack registered sale deeds and bona fides rema...
Pure-agent reimbursements in clearing and forwarding services are excluded from taxable value when qualifying third-party payments are properly record...
Customs relief for Strait of Hormuz maritime disruptions remains available, with existing conditions continuing unchanged through the extended validit...
The AAR ruled on GST exemption applicability for medical supplies under N/N. 1/2017-Central Tax (Rate). For inpatients, medicines and medical supplies naturally bundled with healthcare services qualify as composite supply, making the entire transaction GST-exempt under Entry 74 of Notification 12/2017. For outpatients receiving treatment within hospital premises (dialysis, chemotherapy, minor surgeries), supplies remain exempt when naturally bundled with healthcare services, as law creates no distinction between inpatients and outpatients. However, medicines prescribed for home consumption and follow-up care are taxable, as hospital involvement is limited to prescribing without continuous treatment supervision, failing to constitute composite supply. When GST is collected on exempt supplies, it must be remitted per Section 76 CGST Act 2017.
The AAR ruled on GST exemption applicability for medical supplies under N/N. 1/2017-Central Tax (Rate). For inpatients, medicines and medical supplies naturally bundled with healthcare services qualify as composite supply, making the entire transaction GST-exempt under Entry 74 of Notification 12/2017. For outpatients receiving treatment within hospital premises (dialysis, chemotherapy, minor surgeries), supplies remain exempt when naturally bundled with healthcare services, as law creates no distinction between inpatients and outpatients. However, medicines prescribed for home consumption and follow-up care are taxable, as hospital involvement is limited to prescribing without continuous treatment supervision, failing to constitute composite supply. When GST is collected on exempt supplies, it must be remitted per Section 76 CGST Act 2017.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4801
Join Channel
TaxTMI 
