Devi Shetty meets FM, seeks withdrawal of healthcare tax
Renowned cardiologist Devi Shetty has met Finance Minister Pranab Mukherjee to seek withdrawal of 5 per cent tax on health care services provided by centrally air-conditioned hospitals, according to sources.
March 10, 2011 / 16:15 IST
Renowned cardiologist Devi Shetty has met Finance Minister Pranab Mukherjee to seek withdrawal of 5% tax on health care services provided by centrally air-conditioned hospitals, according to sources.
Shetty, who is the Chairman of Bangalore-based heart hospital Narayana Hrudayalaya, has been spearheading the campaign for withdrawal of service tax on health care industry.The renowned doctor had earlier described the proposal to impose service tax on health care as a "misery tax"."This is not 'Service Tax', it is a 'Misery Tax' since the government wants to make money out of your misery", he had said in an open letter posted on the website of the Narayana Hrudayalaya.Mukherjee in the Union Budget for 2011-12 had proposed to impose an effective service tax of five per cent on all services, including diagnostic services, provided by a centrally air-conditioned clinical establishments having more than 25 beds for in-patient treatment.Besides, the service tax would also be levied on services provided by consultant doctors operating from premises of such hospitals. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
