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Centre exempts Section 269ST of IT Act for hospitals providing Covid treatment

Granting extra discount in view of the pandemic, provisions of Part 269ST of Revenue-Tax Act, 1961 have been relaxed by the Central authorities, allowing hospitals and totally different medical facilities offering Covid remedy to victims to acquire cash funds of 2 lakh or additional.

The leisure has been granted for the interval 01.04.2021 to 31.05.2021, after buying PAN or AADHAAR of affected particular person and the payer.

“The Central Authorities, in train of powers conferred by clause (iii) of Provision to Part 269ST of the Revenue-tax Act, 1961, hereby specifies hospitals, dispensaries, nursing houses, Covid Care Centres or related different medical amenities offering Covid remedy to sufferers for the aim of Part 269ST of the Revenue-Tax Act,1961 for fee obtained in money throughout 01.04.2021 to 31.05.2021, on acquiring the PAN or AADHAAR of the affected person and the payee and the connection between the affected person and the payee by such hospitals, dispensaries, nursing houses, Covid Care Centres or related different medical amenities,” the federal authorities talked about in a gazette notification.

Earlier, amid the acute shortage of medical oxygen in plenty of parts of the nation attributable to surge in Covid-19, the Finance Ministry had decreased the Built-in Items and Providers Tax (IGST) fee on the import of oxygen concentrators for private use from 28 per cent to 12 per cent.

The decreased IGST fee will most likely be related till June end.”IGST on import of oxygen concentrators for private use has been decreased from 28 per cent to 12 per cent to deliver IGST fee on such private imports at par with business imports of the identical. This decreased IGST fee for imports of concentrator for private use shall be relevant as much as June 30, 2021,” talked about the Ministry of Finance notification.

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