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Tax free and taxable services of Ashirwad Nursing Home and rate of GST payable is 18%.
Do the calculations. GST charged separately -
(1) Receipts of Diagnostic Center Rs. 1,60,000.
,
(2) Ambulance and transportation facility to patients Rs 2,30,000. -
(3) Cosmetic surgery Rs 4,20,000.
(4) Cosmetic surgery for accident injured patients – Rs 88,000.
*(5) Medicine and treatment (medicines worth Rs 1 lakh used) - Rs 1,50,000.
(6) Room and ward charges Rs 5,40,000.
(7) Card Blood Bank Services Rs 1,68,000. -
(8) Plastic surgery Rs 92,000.
(9) Outdoor Patient Testing Fee – Rs 78,000.
Compute value of Exempted and taxable services and GST @ 18% of Aashirwad Nursing Home. All amounts are exclusive of GST -
(1) Receipts of Diagnostic Centre ₹1,60,000.
(2) Receipts on account of transportation of patients of clinical establishment -2,30,000
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Answer:
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Explanation:
Certainly, let's break down the calculations:
1. **Receipts of Diagnostic Center (Taxable Service)**
- Taxable amount: Rs. 1,60,000
- GST @ 18%: (18/100) * 1,60,000
2. **Ambulance and Transportation Facility (Taxable Service)**
- Taxable amount: Rs. 2,30,000
- GST @ 18%: (18/100) * 2,30,000
3. **Cosmetic Surgery (Taxable Service)**
- Taxable amount: Rs. 4,20,000
- GST @ 18%: (18/100) * 4,20,000
4. **Cosmetic Surgery for Accident Injured Patients (Taxable Service)**
- Taxable amount: Rs. 88,000
- GST @ 18%: (18/100) * 88,000
5. **Medicine and Treatment (Taxable Service)**
- Taxable amount: Rs. 1,50,000 (excluding medicines worth Rs. 1 lakh)
- GST @ 18%: (18/100) * 1,50,000
6. **Room and Ward Charges (Taxable Service)**
- Taxable amount: Rs. 5,40,000
- GST @ 18%: (18/100) * 5,40,000
7. **Card Blood Bank Services (Taxable Service)**
- Taxable amount: Rs. 1,68,000
- GST @ 18%: (18/100) * 1,68,000
8. **Plastic Surgery (Taxable Service)**
- Taxable amount: Rs. 92,000
- GST @ 18%: (18/100) * 92,000
9. **Outdoor Patient Testing Fee (Taxable Service)**
- Taxable amount: Rs. 78,000
- GST @ 18%: (18/100) * 78,000
Now, sum up the taxable amounts and the corresponding GST to get the total taxable value and GST payable at 18%. Additionally, you'll have to identify the services that are exempted to calculate the value of exempted services. Exempted services won't have GST applied.