Wednesday, 14 December 2016

IMA requests Government to exempt healthcare services from GST

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The Indian Medical Association (IMA) has urged the Government to exempt healthcare services offered by private hospitals from the Goods and Services Tax (GST), said media reports. 

Commenting on the issue, IMA’s Dr K K Aggarwal told the media, "We welcome the government's decision on enforcing the GST and feel that it will increase transparency and improve efficiency in the country.” 

"However, we feel that the GST exemption of healthcare services offered by governmental institutions should be extended to the private sector as well," he added. 

As per reports, IMA stated that exemption of GST to private sector shall result in several benefits which will include no increase in cost of healthcare being provided by the private sector, affordable healthcare services in India, eradication of any possibility of dis-incentivising future investments in the sector, among others. 

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