Applicability of VAT on sale of Medicine by Hospitals
This query is : Resolved
12 June 2008
Whether Hospitals are liable to Collect and Pay VAT (As per Maharashtra VAT Act) on sale / Supply of Medicine to the their Patients Only if the total sale / Supply is amounting to Rs.1 Crore during the current F.Y and this is the 1st F.Y of the Hospital.
Please reply with related section / circular.
U can also reply me at: veerbhan_tharwani2006@rediffmail.com
Please reply with related section / circular.
U can also reply me at: veerbhan_tharwani2006@rediffmail.com
16 September 2008
As per the basic principles, being the hospital is selling medicines, VAT is applicable on the same.
Regarding rate , schedule and mode please visit salestax.maharashtra.gov.in.
Regarding rate , schedule and mode please visit salestax.maharashtra.gov.in.
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