Commercial vehicle depreciation, scientifically determined warranty provisions and exempt-income disallowances were resolved in favour of the taxpayer...
Inherited property sale proceeds require capital-gains treatment where ownership is supported by evidence, not suspicion or unverified signature doubt...
Cross-examination of retracted statements is essential where foundational evidence supports a benami allegation and documented funding explanations re...
Capital-goods exemption covers plant-modernisation accessories, while the import restriction applies only to earlier capital-goods components and spar...
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 
