Pharmaceuticals & Healthcare

Challenge

A pharmaceutical manufacturer managing GST across 200+ SKUs with varying rates (5%, 12%, 18%), frequent HSN reclassifications by the government, and ITC mismatches with 50+ vendors. Annual GST compliance consumed 15 man-days per month.

Our Solution

Built a comprehensive HSN-rate master database for all products, implemented automated ITC reconciliation against GSTR-2B, set up vendor compliance scoring, and provided statutory audit with CARO compliance.

Result

Challenge

A hospital group with 3 entities across 2 states needed transfer pricing documentation for inter-company management fees, shared services, and equipment leasing. Prior CA had not prepared TP reports, exposing the group to penalties.

Our Solution

Prepared comprehensive transfer pricing documentation for all inter-company transactions, conducted benchmarking study using TNMM method, restructured management fee arrangements to align with arm's length pricing, and filed pending TP reports (Form 3CEB).

Result

Challenge

A biotech company spending Rs 2.5 crore annually on R&D was not claiming weighted deductions due to improper categorization of R&D expenses. DSIR approval process was pending for 18 months.

Our Solution

Categorized all R&D expenditure into eligible heads, prepared DSIR application with proper Form 3CL documentation, filed revised returns for 2 prior years to claim missed deductions, and set up ongoing R&D expense tracking system.

Result