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Budget FY24: NATHEALTH seeks rationalisation of GST for healthcare sector

December 4, 2022by admin

Healthcare industry body NATHEALTH on Wednesday sought rationalisation of GST and enhanced insurance coverage especially in smaller cities and towns in the upcoming Budget.

In its submission to the finance ministry, the industry body noted that unlike other sectors, the healthcare sector has not been able to derive the benefits of the GST transition.

In fact, the embedded taxes in the healthcare sector have increased in the post-GST regime compared to pre-GST period, it stated.

NATHEALTH has proposed imposition of 5 per cent merit rate on the output healthcare services for all healthcare establishments (both private and government) with the option to claim full input tax credits.

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