Practical Guide To GST On Healthcare & Pharmaceutical Sectors
- Year of Publication: 2021
- Edition: 1st
- ISBN: 978-93-86921-19-2
- No.of Pages: 457
GST has been the biggest tax reform the Country has seen in the last 5 to 6 decades. Implementation of such a large-scale tax reform in a country like India has its own set of challenges. Many of the sectoral challenges in the erstwhile indirect tax regime continue even under the GST regime and in certain cases, new challenges have emerged. Each Sector has its own set of unique challenges under GST, be it classification, levy or any other core area, which needs in depth introspection. The book encompasses a comprehensive commentary on various GST implications for the Healthcare and Pharma Sector.
The book is primarily covered in three parts, with specific focus on providing in-depth coverage and insights of the authors. Part A covers the Healthcare service sector and the allied services which are provided under this Sector. It begins with an evaluation of the sector under the erstwhile indirect tax regime and discussions covering various judicial precedents, which builds the foundation for the reader for better understanding of the parallel implications under GST. Part B discusses the Pharma sector with the help of an exhaustive commentary on the issue - how one should determine the classification, with reference to various judicial precedents and how Courts have dealt with the said issue? The author provides the readers with a comprehensive commentary on all possible streams of income and the corresponding implications under GST. Part C gives an overview on the provisions of the GST law, to the extent the same are applicable for the Sector at large ( Healthcare and Pharma) and also covers applicable provisions of allied laws including the Customs Act and the Foreign Trade Policy.
CA Madhukar N Hiregange, having 36+ years of Post Qualification Experience and Founder Partner of H N A Co., LLP (formerly known as Hiregange & Associates LLP), Specialized in Indirect Taxation, Firm located at 15 cities in India with 500+ committed staff. He is a Director of HNA Advisory Services Pvt Ltd.
He has Jointly Authored 36 books in IDT including GST and Contributed 1000+ articles. Regularly contributes on Linked in & Taxsutra. He Has been active in spreading awareness through his articles, videos and workshops on GST and empowerment.
He Contributed to the nation by volunteering to the Central Council of ICAI for 6 past years. Initially contributed to the students’ education and examination. Further from 2011 onwards empowered more than 150,000 CAs to take up Service tax and then GST practice. From Last 2 decades, he is on a mission to create committed professional leaders
and has encouraged 500+ leading professionals in Industry and Practice to take up ethical practice in IDT.
He Involved with Empower Education Foundation- supporting lesser privileged students in 6 schools & Hiregange Academy, a knowledge & employability NPO, which is serving 4500 learners per year to enhance their capability mainly in IDT and Excel skills.
In 2024- 25 planning an online initiative to share what is that which is not taught in schools & colleges in India through The Hiregange Bridge.
Recently started efforts on supporting professionals to energise their careers/ practice. A small booklet was penned- How to flourish in Career & Practice.
He Believes in value-based practice and life.
CA. Vikram Katariya [BBA, FCA] is a Chartered Accountant, having more than 10 years post qualification experience in the profession. He is currently a Partner at Hiregange & Associates LLP, and heads the Chennai branch of the Firm. Qualified as a Chartered Accountant in the year 2010 and a Commerce graduate from Loyola College, Chennai. He has more than five years of experience in the Audit & Assurance and Indirect Tax Division in Big 4s'. In practice since 2012, he has extensive exposure in Indirect taxes and Audit, across various sectors including IT/ITES, Manufacturing. Insurance, Telecom, Hospitality, Healthcare etc. He has co-authored a book “Practical Guide to GST on Healthcare & Pharmaceutical Sectors” which is published by Bharat Law House, and a handbook on New and Simplified Returns. He had also contributed to the Handbook on Annual Return and Audit under GST, which was published by Swastik Publications. He is also a regular speaker at various Seminars and Corporate Tax Forums on GST related matters.
CA. Vasant K. Bhat (B.Com, FCA) is Chartered Accountant, having more than 22 years standing in the profession, currently Partner of Hiregange and Associates, Mumbai branch. He has conducted many workshops on various matters relating to GST, Central Excise, Service Tax and MVAT. He was co- opted member of Indirect Tax Committee of ICAI during the year 2012. He has co-authored the background material for certificate course on Indirect Taxes, e-book on Point of Taxation, published by ICAI, Background Material for GST published by ICAI for training the government officers and contributing to WIRC Reference Manual published by WIRC of ICAI. He has co-authored the book on Classification and Exemption in GST. He is a faculty on indirect taxes. He is also an independent Director and Chairman of audit committee of a Mumbai based pharmaceutical company.
CA. Ashish Chaudhary (B Com, FCA, CS, pursuing LLB) had qualified CA in November 2009 having meritorious academic background with All India 27th Rank in CA Final, 12th
Rank in CA-PE II and 22nd rank in CS Final. Presently he is partner in Hiregange & Associates and leading advisory, litigation and audit division of the firm for NCR region. He has exposure to international indirect taxation and has actively contributed in implementation of VAT in Dubai and KSA.
He has been special invitee of Indirect Tax Committee of ICAI during 2016-19 and recognised faculty of ICAI for taking certification course on IDT for ICAI. Prolific speaker having addressed more than 150 seminars on indirect taxes across various educational, trade and professional bodies. He has co-authored books on Central Excise, Service Tax and GST and contributed to background material and other publications of ICAI on GST and UAE VAT.
He has advised multiple clients in various sectors on various aspects of indirect taxation including construction, pharmaceuticals, FMCG, entertainment, transportation, trading etc.
Bharat is a 'trade-name' for a group of concerns, popularly known as Bharat Law House and Bharat Law House Pvt. Ltd. Bharat is one of the most reputed publishers of law books with an experience of over six decades. It possess a very diverse range of publications covering not only the area of taxation - direct and indirect - but also company law, insolvency capital market, finance, industrial law, foreign exchange, commercial, civil and criminal laws. The students publications for CA, CS, CMA, CFA, MBA, graduate and post-graduate studies have carved out a niche for themselves. The Publication House has a professionally qualified team with strong in-house capabilities. Their strength lies in the patronage of legal luminaries in every field. They strive for accuracy, authenticity and sincerity.
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- Year of Publication: 2021
- Edition: 1st
- ISBN: 978-93-86921-19-2
- No.of Pages: 457
GST has been the biggest tax reform the Country has seen in the last 5 to 6 decades. Implementation of such a large-scale tax reform in a country like India has its own set of challenges. Many of the sectoral challenges in the erstwhile indirect tax regime continue even under the GST regime and in certain cases, new challenges have emerged. Each Sector has its own set of unique challenges under GST, be it classification, levy or any other core area, which needs in depth introspection. The book encompasses a comprehensive commentary on various GST implications for the Healthcare and Pharma Sector.
The book is primarily covered in three parts, with specific focus on providing in-depth coverage and insights of the authors. Part A covers the Healthcare service sector and the allied services which are provided under this Sector. It begins with an evaluation of the sector under the erstwhile indirect tax regime and discussions covering various judicial precedents, which builds the foundation for the reader for better understanding of the parallel implications under GST. Part B discusses the Pharma sector with the help of an exhaustive commentary on the issue - how one should determine the classification, with reference to various judicial precedents and how Courts have dealt with the said issue? The author provides the readers with a comprehensive commentary on all possible streams of income and the corresponding implications under GST. Part C gives an overview on the provisions of the GST law, to the extent the same are applicable for the Sector at large ( Healthcare and Pharma) and also covers applicable provisions of allied laws including the Customs Act and the Foreign Trade Policy.
CA Madhukar N Hiregange, having 36+ years of Post Qualification Experience and Founder Partner of H N A Co., LLP (formerly known as Hiregange & Associates LLP), Specialized in Indirect Taxation, Firm located at 15 cities in India with 500+ committed staff. He is a Director of HNA Advisory Services Pvt Ltd.
He has Jointly Authored 36 books in IDT including GST and Contributed 1000+ articles. Regularly contributes on Linked in & Taxsutra. He Has been active in spreading awareness through his articles, videos and workshops on GST and empowerment.
He Contributed to the nation by volunteering to the Central Council of ICAI for 6 past years. Initially contributed to the students’ education and examination. Further from 2011 onwards empowered more than 150,000 CAs to take up Service tax and then GST practice. From Last 2 decades, he is on a mission to create committed professional leaders
and has encouraged 500+ leading professionals in Industry and Practice to take up ethical practice in IDT.
He Involved with Empower Education Foundation- supporting lesser privileged students in 6 schools & Hiregange Academy, a knowledge & employability NPO, which is serving 4500 learners per year to enhance their capability mainly in IDT and Excel skills.
In 2024- 25 planning an online initiative to share what is that which is not taught in schools & colleges in India through The Hiregange Bridge.
Recently started efforts on supporting professionals to energise their careers/ practice. A small booklet was penned- How to flourish in Career & Practice.
He Believes in value-based practice and life.
CA. Vikram Katariya [BBA, FCA] is a Chartered Accountant, having more than 10 years post qualification experience in the profession. He is currently a Partner at Hiregange & Associates LLP, and heads the Chennai branch of the Firm. Qualified as a Chartered Accountant in the year 2010 and a Commerce graduate from Loyola College, Chennai. He has more than five years of experience in the Audit & Assurance and Indirect Tax Division in Big 4s'. In practice since 2012, he has extensive exposure in Indirect taxes and Audit, across various sectors including IT/ITES, Manufacturing. Insurance, Telecom, Hospitality, Healthcare etc. He has co-authored a book “Practical Guide to GST on Healthcare & Pharmaceutical Sectors” which is published by Bharat Law House, and a handbook on New and Simplified Returns. He had also contributed to the Handbook on Annual Return and Audit under GST, which was published by Swastik Publications. He is also a regular speaker at various Seminars and Corporate Tax Forums on GST related matters.
CA. Vasant K. Bhat (B.Com, FCA) is Chartered Accountant, having more than 22 years standing in the profession, currently Partner of Hiregange and Associates, Mumbai branch. He has conducted many workshops on various matters relating to GST, Central Excise, Service Tax and MVAT. He was co- opted member of Indirect Tax Committee of ICAI during the year 2012. He has co-authored the background material for certificate course on Indirect Taxes, e-book on Point of Taxation, published by ICAI, Background Material for GST published by ICAI for training the government officers and contributing to WIRC Reference Manual published by WIRC of ICAI. He has co-authored the book on Classification and Exemption in GST. He is a faculty on indirect taxes. He is also an independent Director and Chairman of audit committee of a Mumbai based pharmaceutical company.
CA. Ashish Chaudhary (B Com, FCA, CS, pursuing LLB) had qualified CA in November 2009 having meritorious academic background with All India 27th Rank in CA Final, 12th
Rank in CA-PE II and 22nd rank in CS Final. Presently he is partner in Hiregange & Associates and leading advisory, litigation and audit division of the firm for NCR region. He has exposure to international indirect taxation and has actively contributed in implementation of VAT in Dubai and KSA.
He has been special invitee of Indirect Tax Committee of ICAI during 2016-19 and recognised faculty of ICAI for taking certification course on IDT for ICAI. Prolific speaker having addressed more than 150 seminars on indirect taxes across various educational, trade and professional bodies. He has co-authored books on Central Excise, Service Tax and GST and contributed to background material and other publications of ICAI on GST and UAE VAT.
He has advised multiple clients in various sectors on various aspects of indirect taxation including construction, pharmaceuticals, FMCG, entertainment, transportation, trading etc.
Bharat is a 'trade-name' for a group of concerns, popularly known as Bharat Law House and Bharat Law House Pvt. Ltd. Bharat is one of the most reputed publishers of law books with an experience of over six decades. It possess a very diverse range of publications covering not only the area of taxation - direct and indirect - but also company law, insolvency capital market, finance, industrial law, foreign exchange, commercial, civil and criminal laws. The students publications for CA, CS, CMA, CFA, MBA, graduate and post-graduate studies have carved out a niche for themselves. The Publication House has a professionally qualified team with strong in-house capabilities. Their strength lies in the patronage of legal luminaries in every field. They strive for accuracy, authenticity and sincerity.
