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. 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. 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.
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. Madhukar N. Hiregange. Senior Partner Hiregange & Associates LLP having 16 offices in India specialized in Indirect Taxes Reviews/ FTP Consultancy litigation as well as value-added audits. Jointly Authored 28 books in Central Excise, Service Tax, Karnataka VAT, IDT audits & GST. 3 GST books slated for release in 2021. In the last 15 years on a mission to create committed professional leaders. Has encouraged / fostered 130 + leading professionals in Industry and Practice to take up ethical practice in IDT. Striving to be a “thought leader”. Has been active in the field of spreading awareness through articles and workshops (physical & online) Active in online replies and contributes on several professional site like – Taxsutra, hiregangeacademy.com., linked in, facebook, youtube, etc. Contributed to the nation by volunteering 6 years to the Central Council of ICAI. Involved in efforts to make the Indirect Tax laws in India simple, certain and fair and creating an awareness of the potential of knowledge of Indirect Taxes in India. Managing Trustee – Empower Education Foundation for the past 15 years supported the education of about 1300 lesser privileged students. Knowledge partner to Hiregange Academy which is an employability and knowledge initiative served 4000 to enhance their capability mainly in IDT. Believes in “Value Based Practice and Life”.
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. 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. 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.
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. Madhukar N. Hiregange. Senior Partner Hiregange & Associates LLP having 16 offices in India specialized in Indirect Taxes Reviews/ FTP Consultancy litigation as well as value-added audits. Jointly Authored 28 books in Central Excise, Service Tax, Karnataka VAT, IDT audits & GST. 3 GST books slated for release in 2021. In the last 15 years on a mission to create committed professional leaders. Has encouraged / fostered 130 + leading professionals in Industry and Practice to take up ethical practice in IDT. Striving to be a “thought leader”. Has been active in the field of spreading awareness through articles and workshops (physical & online) Active in online replies and contributes on several professional site like – Taxsutra, hiregangeacademy.com., linked in, facebook, youtube, etc. Contributed to the nation by volunteering 6 years to the Central Council of ICAI. Involved in efforts to make the Indirect Tax laws in India simple, certain and fair and creating an awareness of the potential of knowledge of Indirect Taxes in India. Managing Trustee – Empower Education Foundation for the past 15 years supported the education of about 1300 lesser privileged students. Knowledge partner to Hiregange Academy which is an employability and knowledge initiative served 4000 to enhance their capability mainly in IDT. Believes in “Value Based Practice and Life”.
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.
