GST Consultant & Internal Audit Expert
Renowned Cosmetic Plastic Surgeon,
Elegance Clinic, Surat
21st September 2024
7:30 PM
Rs. 1,999*
* This fee covers both your accountant or clinic manager, as well as your CA—no additional charges required.
GST Number: When and why you need it
Input Tax Credit: How to manage bills effectively
Clinic Planning: Using GST credit for new clinic setup
In-house Pharmacy: GST and pharmacy management
Composite Scheme: Tailored for doctors and pharmacies
Procedures Guidance: Managing GST for high-cost procedures
Multiple Clinics: Efficient management strategies
Documentation: Simplifying compliance and preparing for scrutiny
GST Categories: Tailored solutions for private practitioners, corporate, and institutional surgeons
GST (Goods and Services Tax) is a value-added tax levied on the supply of goods and services. It is a single tax that has replaced various indirect taxes like service tax, VAT, and excise duty.
Yes, doctors must register if their taxable services exceed the threshold. Healthcare services are usually exempt, but non-healthcare services like cosmetic treatments may be taxable.
Clinics providing exempt healthcare services don’t pay GST, but taxable services, like cosmetic surgeries, are subject to 18% GST.
Yes, GST is applicable on the purchase of medicines, medical devices, and equipment. The rates may vary depending on the item.
Cosmetic and plastic surgeries that are not considered necessary for health (elective surgeries) are taxable under GST at a standard rate of 18%.
Medical consultants who are independent and not part of a hospital may be required to register and pay GST if their annual income exceeds the threshold.
Doctors can claim ITC on GST paid for goods and services used to provide taxable services. However, ITC is not available on exempt healthcare services.
Doctors and medical service providers can save on GST by:
Claiming Input Tax Credit (ITC) on goods and services used in the course of business.
Properly categorising services to ensure they benefit from applicable GST exemptions, especially healthcare services.
Ensuring compliance with GST regulations to avoid penalties and interest on late payments.
For healthcare services, the GST rate is generally 0% as they are exempt. However, for taxable services like cosmetic surgeries, the GST rate can be as high as 18%.
Please fill the form to register for the GST Webinar. Ensure all details are accurate before submission. Fields marked with “*” are mandatory.
