The Indian healthcare sector plays a vital role in the economy, both in terms of revenue and employment. The government is committed to developing India as a global healthcare hub through increased public health expenditure and supportive policies, with the industry projected to reach a size of USD 188bn by 2030.
However, the sector faces several direct and indirect tax issues, including challenges related to GST costs on procurements, which result in increased healthcare expenses for consumers.
At BDO in India, we understand the nuances of tax and regulatory-related challenges and the importance of adhering to the necessary compliances. To help businesses address the challenges faced by the industry and stay compliant, our team of tax experts with domain knowledge and backed by global industry experience provide comprehensive tax assistance to businesses operating in the industry.
Read our publication to know more about the Healthcare Industry in India, the tax and regulatory challenges faced and solutions around these challenges to help businesses navigate the evolving landscape.