Input Tax Credit Limited for Medicines and Food Supplied to Hospital Inpatients Under Healthcare Services Rules.

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Full Text of the Document

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....Input Tax Credit - medicines supplied to patients admitted in hospital - medicines supplied to patients treated as out-patients - medicines supplied to other than inpatients and out-patients - supply of food and beverages to the patients admitted in hospital. - The input tax credit is to be restricted when supplied to inpatients and is part of the health care services. - No credit in respect of exempted services - Otherwise, the ITC may be available - AAR....