The Goods and Services Tax (GST) Council is probably going to meet next on September 20 in Goa, a senior government authority told Moneycontrol.
“The plan hasn’t been concluded at this point. But, the health care industry’s interest on input tax credit perhaps considered. In spite of the fact that it is too soon to remark on the final agenda,” the authority said.
Health care services suppliers have been pushing for a 5 percent GST, since missing of input tax credit, they wind up retaining taxes paid on goods obtained from merchants. Input tax credit isn’t permitted as health care services are exempt from GST, aside from cosmetic medical surgery and hair transplant. Tax is appropriate on inserts and fake limbs.
The Indian automobile sector has hit its most exceedingly terrible stage in light of a steady liquidity mash among India’s shadow banks, prompting a breakdown in sales. In July, the traveler vehicle industry recorded its most awful sales execution in about 19 years.
As per information discharged on August 13 by the Society of Indian Automobile Manufacturers, sales fell 31 percent to 200,790 vehicles a month ago from 290,931 units every year earlier. It was the most noticeably terrible sales performance since a 35 percent decrease in December 2000.
Delegates from the sector had as of late met the finance minister to talk about approaches to revive sales. “It’s unlikely that any GST relief would be possible for us to give as of now,” the authority said.
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