GST

The topic on everybody's mind at the hospital lately had been GST. Or Goods and Services Tax. Akin to the VAT in the UK. Will we as Doctors be affected by this new ruling?

The management got the Consultants from Ernest and Young in to brief is on the impact it would have on us. It appeared that we would be exempted. It may sound good initially but that carried some major draw back. It seemed that we would not be able to charge our customers GST for services but we were subjected to GST for rentals and equipment. Not exactly fair wasn't it.

The ruling had yet to be tested, and there would be uncertainty at the beginning. Some teething problems. Praying that in the end things would work out for the better.