India's healthcare industry is undergoing a transformative evolution, driven by rising demand, favourable policies, and digital advancements, positioning it for substantial growth. However, challenges such as expansive geography, infrastructure disparities, and concerns regarding accessibility and affordability call for inventive solutions.

In response to this dynamic landscape, a collaborative approach becomes imperative. We collaborate with healthcare organisations across the spectrum, guiding them through these intricacies and fostering sustainable growth. Our solutions empower both private and public healthcare providers to scale efficiently, adhere to evolving regulations and technology trends, and deliver cost-effective care.

The Grant Thornton Bharat advantage

  • Strategic planning
  • Operational execution
  • Regulatory compliance
  • Strategic planning
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    We facilitate the development and implementation of strategies geared towards accomplishing business goals, fostering consolidation, and identifying strategic partnerships.
  • Operational execution
    Operational execution
    We enhance operational efficiency and effectiveness to enable the delivery of high-quality care at a reduced cost.
  • Regulatory compliance
    Regulatory compliance
    Our team of experts helps your organisation adhere to all applicable laws and regulations.

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    Setting up pharmacies within hospitals

    Problem statement
    The client, a private limited healthcare company with a nationwide hospital network, aimed to set up pharmacies within its hospitals. With a focus on optimising Input Tax Credit (ITC) for the pharmacy business, the company sought guidance.
    Our Solution
    We provided comprehensive advice on various options for structuring the pharmacy setup, addressing whether the pharmacy business could operate under the existing registration or if a separate entity was required. Our activities included advising on different structuring models, clarifying the applicability of GST provisions under each model, exploring ITC availability for pharmacy business (including any necessary ITC reversals), guiding the client on ERP changes required for accurate ITC identification, and conducting timely reviews of regular GST compliances post the pharmacy setup.
    Impact
    Our timely and insightful guidance enabled the client to successfully establish the pharmacy, optimise ITC, and adhere to necessary compliances.

    Conducting nationwide vaccine drives

    Problem statement
    The client, a private limited healthcare company with a widespread presence in India, sought guidance on various GST aspects related to organising vaccination drives across the country, focusing on documentation requirements for vaccine movement.
    Our Solution
    We provided comprehensive advice on different arrangements for organising vaccination drives, considering GST implications. Our activities included determining GST applicability for vaccination services under various arrangements, advising on the need for GST registration in states where the client was not registered but intended to organise vaccination drives, addressing implications of related party transactions when organising drives within a subsidiary's hospital premises, and assisting in identifying the necessary documents under GST law for vaccine movement.
    Impact
    Our timely assistance offered valuable insights from a GST perspective, aiding the client in efficiently conducting vaccination drives nationwide.

    Meet our leaders

    Bhanu Prakash Kalmath S J
    Bhanu Prakash Kalmath S J
    Partner and Healthcare Services Industry...
    Bengaluru
    View full profile