The finance ministry is likely to recommend the GST council for earning revenue from the healthcare sector with either 12 or 18 % tax rates. The proposal has been made to compensate for the revenues falling short of expectations. One of the government officials also mentioned that the decision might aid in mobilizing the revenue in the current economic slowdown in the country. Healthcare services that may become taxable include high-value implants and premium healthcare services from certain hospitals and nursing homes .
The premium rooms, food, and beverages, certain medicines and procedures that may not be essential to save the life of a patient are under consideration for the Application of GST charges. Earlier the authorized medical practice, diagnosis, and treatment for illness, injury deformity, abnormality, and pregnancy were exempted from GST. However, certain services like…
