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The Hon’ble Supreme Court in the case of M/s Stemcyte India Therapeutics Pvt. Ltd. held that stem cell banking services fall within the ambit of “healthcare services” and are exempt from service tax, and that the extended period of limitation under Section 73 of the Finance Act, 1994 was wrongly invoked, as there was no fraud or suppression.
Umbilical Cord Blood Stem Cell banking is a health service and thus will be exempted from indirect tax, Supreme Court ruled on Monday. This banking is a process of collecting, transporting, testing and then storing the same to make it available when required by the owner in future.
Diagnostic services for conducting blood tests which assists in early detection of cancer fall out of the periphery of ‘Healthcare services’, Maharashtra’s Authority for Advance Ruling (MAAR) has ruled. This means such a service will not be exempted from GST.
The Karnataka AAR in the case of In Re. M/s. Spandana Rehabilitation Research and Training Centre Private Limited [KAR ADRG…