Healthcare CA Firm in Kharadi, Pune

Healthcare

KYM & Associates > Industries > Healthcare

The healthcare industry is one of the most important sectors in India. It includes hospitals diagnostic centers and pharmacies. It plays a very important role saving lives and also improving public health. For healthcare providers maintaining financial clarity compilance and tax efficiency is not just about saving money it’s all about running a smooth operation that builds trust and avoids legal trouble. That’s why we offer expert support to healthcare institutions of all sizes so that you can focus on healing people while we take care of numbers, tax and compliance.

Our Services for Healthcare Industry

GST analysis for exempt and taxable services
We can help you identify exempt versus taxable services and also handle GST notices and refunds.
Income tax and TDS compliance for doctors, consultants, and staff
We can help experts with income tax filing for hospitals and also maintain digital books of account for easy tax assessments.
Hospital/clinic setup advisory including entity registration
Our experts can help you choose the right entity type and help with business registration and license.
Accounting and audit for hospitals, labs, and pharmacies
Our experts can provide setup of accounting systems and department wise project wise accounts.
Assistance with funding documentation for medical startups and NGOs
We can prepare reports for bank loans or government schemes besides documentation support for healthcare NGOs or startups.
Payroll, PF/ESIC compliance for healthcare staff
We can also process your salary and provide labor law filing and inspection support.

How KYM & Associates Can Help

Structuring healthcare operations to optimize tax exposure

We help you structure your operations and billing in a way that reduces your tax burden while staying Compliant

Advisory on GST applicability across various healthcare verticals

Our team gives clear advice on what services attract GST and what doesn't across pharmacy radiology, and pathology.

Implementation of accounting systems to manage multi-department revenue

We can help you set up accounting systems that manage different income sources under one roof, so you always know how each department is performing.

Guidance on regulatory filings and health compliance matters

We help you stay updated and compiling with income tax filings and other government rules.

Budgeting, MIS reports, and profitability tracking for decision-makers

With our budgeting and reports you can just track expenses profits and costs in real time. This helps you make better decisions for your hospital or clinic.

faq's

Is GST applicable to healthcare services?

Basic healthcare services by hospitals and clinics are exempt from GST. But services like cosmetic surgery might be taxable

How should hospitals manage tax compliance with mixed services (exempt + taxable)?

Hospitals need to maintain separate accounts for taxable and exempt services.

Can input tax credit be claimed on medical equipment purchases?

Yes but only if equipment is used for taxable services.

Do health startups need to register under Section 8 or as Pvt Ltd?

It depends if you’re a nonprofit then Section 8 is ideal if you are building a for profit health app or platform or private limited is better.