Also, solar water heater will now attract 12 per cent
GST as compared to 5 per cent earlier.
Some services such as work contracts for roads, bridges,
railways, metro, effluent treatment plants and
crematoriums too will see tax going up to 18 per cent
from the current 12 per cent.
Besides, taxes will be cut on on ostomy appliances and
on transport of goods and passengers by ropeways to 5
per cent from July 18, from 12 per cent.
Renting of truck, goods carriage where the cost of fuel
is included will now attract a lower 12 per cent rate as
against 18 per cent.
GST exemption on the transport of passengers by air to
and from northeastern states and Bagdogra will be
restricted to economy class only.
Services rendered by regulators such as RBI, IRDA and
SEBI will be taxed at 18 per cent and so will be renting
of a residential dwelling to business entities.
Bio-medical waste treatment facilities shall attract 12
per cent GST, while non-ICU hospital rooms exceeding Rs
5,000/day will be levied 5 per cent GST, without input
tax credit, to the extent of the amount charged for the
room.
Besides, individuals will only be able to claim GST
exemption for training or coaching in recreational
activities relating to arts or culture or sports.
Also, electric vehicles, whether or not fitted with a
battery pack, would be eligible for the concessional GST
rate of 5 per cent from July 18.
AMRG & Associates Senior Partner Rajat Mohan said
healthcare services by a clinical establishment have
enjoyed a tax-neutral status under Indian tax laws for
decades now.
The government has now notified that all such clinical
establishments including hospitals, nursing homes, and
sanatorium would be liable to pay tax on the gross room
rentals which is more than Rs 5,000 per day.
"The striking question which comes to mind regarding the
amendment is that since the treatment provided by the
medical establishments is a composite supply, different
elements of the referred transaction cannot be
vivisected artificially for imposing new tax
liabilities. Underlying notification seems to be ultra
vires the provision of section 8 that mandates a single
tax on all composite supply transactions," Mohan added.
Source:::
The New Indian Express,
dated 17/07/2022.