Public Sector General Insurance Companies do not charge Service Tax on Cashless Hospitalization claims. However, hospitals were charging Service Tax on Cashless Hospitalization from 01.07.2010 to 30.04.2011 as per the provisions of the Finance Act, 2010. The amount so charged by the hospitals was also paid by the Insurance Companies, if the claims were admitted subject to the limit of Sum Insured. However, the Service tax on cashless payments was withdrawn vide Government of India Notification No.30/2011 effective from 01.05.2011.
Public sector general insurance companies not to charge service tax on cashless hospitalization claims
Last updated: 27 March 2012
Comments
Recent News :
- GST Collections See Sharp Decline Across Major States in H1 FY25
- 15 Booked for Assaulting Three Men Over False Fake GST Official Accusation
- Income Tax Department Reduces Time Limit for Claiming Refunds to Five Years
- Govt Considering Arbitration Mechanism to Resolve Tax Disputes in Budget 2025
- Gujarat SGST Department Detects Rs 3.53 Crore Tax Evasion in Tobacco and Battery Sectors
- ED Arrests Bengaluru Man For Manipulating ITRs, Securing Fraudulent Tax Refunds
- Biometric Authentication to Launch at 46 GST Service Centres in MP to Prevent Fraud
- 18% or 5% GST: Houseboat Industry Battles Tax Woes
- ICAI Joins Hands with CBSE to Revolutionize Skill-Based Accounting Education
- CBDT Mandates e-Filing for Forms 42, 43 and 44
Popular News
- Income Tax Department Cracks Down on Bogus Refund Claims, Sends Notices to Taxpayers
- CBIC Extends GSTR-3B Filing Deadline for Oct 2024 to Nov 21 for Maharashtra and Jharkhand
- GSTN: Resolution Underway for Duplicate Invoices in GSTR-2B for September and October 2024
- ICAI Urges MCA to Reconsider NFRA's Audit Standard Amendments
- NFRA Chairperson Justifies Audit Standards Revision Amid ICAI Opposition
CAclubindia
