Currently imported oxygen concentrators attract 12% IGST. Many states have been pushing for doing away with the IGST on imported oxygen concentrators by individuals after recent court ruling.
Several hospitals come under taxman’s probe
SECTIONS
Share
Synopsis
It comes as the government has received several complaints that many hospitals have refused to accept payments in any other mode but cash. Besides, some hospitals are allegedly asking patients to make upfront cash payments even when they have health insurance policies.
Getty Images
The income tax department is probing allegations of hospitals forcing patients to make advance payments in cash amid the acute second wave of Covid-19.
It comes as the government has received several complaints that many hospitals have refused to accept payments in any other mode but cash. Besides, some hospitals are allegedly asking patients to make upfront cash payments even when they have health insurance policies.
Non-FCRA listed NGOs may have to pay tax on foreign oxygen device gifts
SECTIONS
Share
Synopsis
The government has waived integrated GST and customs duty on oxygen concentrators that are gifted from overseas or imported. However, experts said many companies and non-profit organisations without an FCRA licence may still be liable to pay these taxes.
ANI
Indian non-profit organisations and individuals getting oxygen concentrators as gifts from overseas may end up paying goods and services tax and customs duty on them even though the government has offered relief on the devices, which are in short supply during the ongoing second Covid-19 wave.
Sensex, Nifty end with marginal gains amid volatility on April F&O expiry
File Image
The benchmark equity indices ended with marginal gains on April 29 after giving up most of the opening gains. The Nifty opened higher but fell in the early part of the day to make an intra-day low at 10:50 hours. A feeble recovery followed amid volatility on April F&O expiry day. At close, the Nifty was up 30.40 points or 0.20 percent at 14,894.90.
#MarketAtClose | Market Reverses Opening Gains To Close Flat#Sensex Slips 610 Points & #Nifty 150 Points From Intra-day Highs#Market Favours Declines With Midcap Index Falling 286 Pts From Highs pic.twitter.com/qmgDWU9rGM CNBC-TV18 (@CNBCTV18Live) April 29, 2021