TMI BlogVAT PAID ON DRUGS PURCHASED BUT NOT CLAIMED IN SALEX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear ALL I have a query.We buy medicines for a hospital and dealer charges vat for the supplied drugs. Now we use them in the OT and charge the patients the whole procedure as a package which also ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... includes drugs for which vat was paid. Since we are using the drugs as part of a package , they are not billed separately and we are not able to recover the tax paid.How to recover tax in this case ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... from the patient for which the drugs are used? Is it legal to charge as a package ? We are also not able to recover tax when we charge everything as a package kindly advise Regards BALAJI - Rep ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ly By YAGAY AND SUN - The Reply = If you charge VAT on package then you can avail the Input Tax Credit. - Reply By MARIAPPAN GOVINDARAJAN - The Reply = In the package itself you may add the VAT. - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Reply By Ganeshan Kalyani - The Reply = You are treating the patient and not selling medicines. The supply of medicine to patient is incidental. The treatment providing activity is a service. - VA ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... T PAID ON DRUGS PURCHASED BUT NOT CLAIMED IN SALE - Query Started By: - BALAJI ARCHAKAM Dated:- 4-2-2017 Value Added Tax - VAT-CST - Got 3 Replies - VAT and Sales Tax - Discussion Forum - Knowledge ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
