Finance - During my earlier stint when I was in UAE and Abu Dhabi in specific, I was made in charge of the Insurance department of the company where I worked and I had acquired good practical knowledge since medical insurance is compulsory in the Emirate of Abu Dhabi and our company had a strength of nearly […]...
Finance - Hospitals and healthcare systems increasingly face financial pressures from increasing competition, deteriorating payer mix and other factors. Due to these pressures, Cost reduction and control is at the forefront of healthcare finance leaders’ minds, whether they are a rural, nonprofit, urban or safety-net organization. Healthc...
Finance - Health is the primary thing and everything else follows thereafter, There is a saying that ‘Health is Wealth’, which means when a person maintains good health, everything else falls into place. The Central government understanding the importance of health and services supplied by health service sector has exempted the health...
Finance - CDSCO is controlled and regulated by the Directorate General of Health Services, which is part of the Government of India's ministry of health and family welfare. The Central Drugs Standard Control Organization is headquartered in New Delhi and operates several zonal offices across the country. Additionally, CDSCO collaborates together wi...
Finance - Expenditure on COVID-19 Healthcare facilities and Infrastructure counted under CSR Expenditure Pursuant to the General Circular No. 09/2021, issued by Ministry of Corporate Affairs, on 5th May, 2021, and in continuation to the General Circular No. 10/2020, as issued on 23rd of March 2020, the MCA hereby elaborated on various health relate...
Finance - IMA is astonished to see the extreme lethargy and inappropriate actions from the Ministry of health in combating the agonizing crisis born out of the devastating second wave of the COVID-19 Pandemic. The collective consciousness, proactive cognizance, and requests made by IMA and other professional learned colleagues are put into the dust...
Finance - But health services offered by the private doctors, lab testing and diagnostic services are out of the ambit of service tax. The Centre is likely to target these services to complete the chain in the health sector. Similar services attract tax in sev...
Finance - CBEC has notified 8 new taxable Services w.e.f. 1.7.2010 vide Notification No.24/2010-Service Tax dated 22.6.2010. The following are the new taxable Services introduced w.e.f. from 1.7.2010. 1. Games of chance (zzzzn),2 Health services (zzzzo), ,3 Maintenance of medical records (zzzzp)...
Finance - The Finance Ministry has specified July 1 as the date from which service tax levy would be applicable on the eight new services brought under the tax net in Budget 2010-11. The eight new services include services of promoting, marketing or organising of games of chance, including lottery, health services undertaken by hospitals for employ...
Finance - According to the Bill, tax will be levied on “a person covered by health insurance scheme, for any health check-up or treatment, where the payment for such health check-up or treatment is made by the insurance company directly to such hospital, nursing home or multi-specialty clinic”. This will be only applicable to cashless insurance...
Cadila Healthcare Limited Vs C.S.T.-Service Tax (CESTAT Ahmedabad) - • In a partnership firm, partner‘s capital can be in the form of cash/asset. It can also be in the form of contribution of skill and labour alone without contribution in cash. The appellant is a partner performing some duties for which he has an expertise, skill in the marketing and distribution...
LETTER D.O.F. NO. 334/3/2011-TRU - (25/04/2011) - Clarifications on new services specified in clauses (zzzzv) and (zzzzw) of section 65(105) of the Finance Act, 1994 and amendments to existing clauses of same section and following services Services provided by a Restaurant, Short Term Accommodation. Commercial Coaching and Training, Legal Services,...
General Circular No. 09/2021 - 05/05/2021
Cadila Healthcare Limited Vs C.S.T.-Service Tax (CESTAT Ahmedabad) -