Which hospital charges will attract GST? Finance Minister’s announcement in Rajya Sabha, know details

After GST meeting Finance Minister , Nirmala Sitharaman ) informed that from July 18, the prices of many items will increase. The prices of fixed commodities have also been revised with effect from July 18. But in the meantime, apart from items like flour, rice, pulses, the Finance Minister has decided to buy hospital beds […]
 


Which hospital charges will attract GST?  Finance Minister’s announcement in Rajya Sabha, know details

After GST meeting Finance Minister , Nirmala Sitharaman ) informed that from July 18, the prices of many items will increase. The prices of fixed commodities have also been revised with effect from July 18. But in the meantime, apart from items like flour, rice, pulses, the Finance Minister has decided to buy hospital beds or ICU Feather GST A big update has been given, clearing the confusion among the people.

Finance Minister gave information

Actually, now Finance Minister Nirmala Sitharaman has given clarification on the decision to impose GST on hospital beds in Rajya Sabha. The Finance Minister has said that the government has not imposed any tax on hospital beds or ICUs. , Instead, GST is levied only on those hospital rooms whose rent is Rs 5,000 per day. The Finance Minister has said this in response to the protest on inflation in the Rajya Sabha.

persistent protest

In fact, treatment in hospitals has already become expensive. After the 47th meeting of the GST Council on June 28-29, non-ICU rooms whose worth 5,000 per day is more than Rs. It was decided to levy 5% GST on this. After that this new rule has come into effect from 18 July 2022. But then there is constant criticism of this decision. Earlier, the Finance Minister has cleared the confusion of people by tweeting many times. Once again the Finance Minister has presented his clarification in this regard.

request for withdrawal of judgment

Notably, from the healthcare industry to hospital associations and other stakeholders have been continuously demanding the government to roll back the decision. In fact, they argue that the decision to impose GST on hospital beds will make it more expensive for people to get treatment. Along with this, many compliance issues will arise before the healthcare industry as the healthcare industry was till now exempted from GST. After this, a very dire situation may arise in front of the healthcare industry.

Know what will be the effect of GST

For example, suppose a day’s rent for a hospital bed is Rs 5,000, then Rs 250 will have to be paid as GST. Now if a patient has to stay in the hospital for 4 days, then instead of 5000 plus GST 250 i.e. 20,000, the room rent will have to be paid.