Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: articles on VAT and GST in India :: VAT Audit :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company :: VAT RATES :: list of goods taxed at 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: empanelment :: TDS :: due date for vat payment :: ACCOUNTING STANDARDS :: form 3cd :: cpt :: ACCOUNTING STANDARD
 
 
« Budget Extravaganza »
 Are you expecting good tax breaks in Budget 2017? Think again
 Budget 2017: Home insurance premium should get income tax exemption
 Demonetisation may be the trigger for any increase in service tax rate this budget
 10 things Arun Jaitley can do to make it a Budget for the middle class
 How budget 2017 can ease pain of demonetisation via income tax sops
 Budget 2017: Do we expect an overhaul of personal income tax rates and slabs?
 All eyes on Budget 2017 proposals on capital gains tax
 Budget-2017 And Gst Expectations
 Income Tax Appellate Tribunal, Kolkata Benches Kolkata Constitution of kolkata Benches for One Week From 16.01.2017 To 19/01/2017
 What’s the big deal if budget presented on Feb 1, which law violated? SC asks PIL petitioner
 What aam aadmi wants from Budget 2017

Proposal for service tax on hospital bills may be rolled back: Budget 2011
March, 03rd 2011

Hinting at the possibility of the Budget proposal for imposition of service tax on 25-bed hospitals and diagnostic check-ups being rolled back, the government has said it is willing to discuss the issue.

"We can discuss 25-bedded hospitals with central air-conditioning... we can discuss whether a person who has malaria and needs to go for blood test, whether he should pay service tax for that diagnostic or not," Revenue Secretary Sunil Mitra said here.

Interacting with members of leading chambers, Mitra yesterday said that service tax on healthcare is basically meant to apply to high-end treatment. His comments came following opposition from various quarters with respect to the proposal to impose service tax on the sector.

Presenting the Budget for 2011-12, Finance Minister Pranab Mukherjee had proposed to replace the service tax on health check-ups with a tax on all services provided by hospitals with 25 or more beds and having central air-conditioning, with an abatement of 5 per cent.

Mitra added that more services are being brought under the ambit of taxation in preparation for the proposed Goods and Services Tax (GST), which will subsume all indirect taxes. "... We are moving toward GST, which will have a comprehensive negative list. There should not be any apprehension," he said.

Meanwhile, Mukherjee said that healthcare and education remain the two priority sectors for the government. "Therefore the emphasis is on these two things, education and healthcare. Health is basically a state subject. We will have to take up the matter with them and discuss how to increase allocation," he said.

Mukherjee further added: "The 12th Plan will start next year. I have no doubt that the Planning Commission will be able to take this into consideration. I expect spending on healthcare to increase during the 12th Plan."

The Finance Minister accepted that healthcare spending in India as a percentage of GDP is still low compared to many other emerging economies. "Therefore, we are making effort to achieve increase in expenditure... We can have full democratic dividend if we can make our workforce educated and healthy," he said.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - We Bring IT. Offshore software outsourcing company. We use Global Delivery Model (GDM) and believe in Follow The Sun principle

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions