The Healthcare Federation of India (NATHEALTH) has requested the government for introducing a zero-rating GST across all healthcare services. The request has been made by NATHEALTH to make healthcare a priority sector for meeting the long-term funding and f inancing requirements. In a joint memorandum with FICCI, NATHEALTH said that the rationalization of GST for healthcare input services would unlock the differential input credit.
This would in-turn ease the costs for all healthcare providers including nursing homes, clinics, hospitals, and diagnostic centers. With this in the background, the industry expects that the Union Budget 2020-21 will be announced keeping in focus the incentives for medical value tourism, zero-rating GST on healthcare services and health insurance premiums. The savings through such initiatives will be carried forward on to the end consumers which can help in…
