Jogani tells doctors not to accept cash above Rs 2 lakh

Source: The Hitavada      Date: 04 Sep 2017 09:36:20


 

 

Business Bureau,

Indian Medical Association (IMA), Gondia chapter recently organised a meet on ‘Impact of GST on healthcare and accounting and taxation on doctors.’
CA Kailash Jogani, President of Nagpur Chamber of Commerce Ltd (NCCL), addressed doctors on GST as well as on Income-Tax.


Jogani persuaded the doctors that healthcare services are more or less exempted from GST. He also gave a short but informative information about GST in general. He also informed about situation when doctors are affected by GST and required to be register for GST in few situations. He explained the registration for reverse charge in few cases for doctors.Jogani also gave detailed guidance on maintenance of books for doctors. He explained the presumptive taxation scheme for doctors from assessment year 2017-18. According to presumptive taxation scheme if the doctors whose receipts are less than Rs 50 lakh and if the doctor is not showing 50 per cent of his gross receipts as profit, then he or she is required to get his accounts audited.


He also cautioned to doctors not to accept any amount above Rs 2 lakhs in cash and also explained various penalty provisions applicable to doctors.


The session was followed by questions and answer by the speakers clearing all the doubts of the audience. The meeting was attended by large number of doctors. The symposium was organised by IMA, Gondia branch under the chairmanship of Dr Sanjay Agrawal, President of IMA, Gondia branch. Treasurer Dr Anand Isarka welcomed the guests by floral bouquet and Secretary Dr Nilesh Jain conducted the proceedings.