12 April 2012
Hospital charge in invoice medicine exp for medicine which is given to patient during treatment. There is 4 % vat in gujrat. i want to know that is there any liabilty to hospital under Vat act. Hospital has pharmacy which sales medicine to patient directly. i know it is taxable but i am confused for such medicine which consume during treatment. Plz reply
14 April 2012
how to detemine turnover for vat purpose? here medicine sale by pharmacy which is unit of hospital . Hospital is pvt ltd company. 1) Total income of hospital including sales of pharmacy or 2) only sales or purchase of pharmacy.
14 April 2012
how to detemine turnover for vat purpose? here medicine sale by pharmacy which is unit of hospital . Hospital is pvt ltd company. 1) Total income of hospital including sales of pharmacy or 2) only sales or purchase of pharmacy.
14 April 2012
Mr H Patel, For VAT purpose only Sales of Pharmacy are required to be maintained in a seperate account with stock figures.As hospital charges are related to a service they should kept seperate for ST,if any. MJK