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Impact Of GST On Pharma Sectors

 

The Goods and Services Tax (GST) is a comprehensive tax on the manufacture, sale and consumption of goods and services at a national level. The new system is set to be a game changer, once it is implemented from the proposed date of July 1, 2017. GST    is  a Tax that will be levied  on every value addition. The Central GST is the areas where the states has the powers and the state GST where the state has taxation capabilities. The Integrated GST is not for movement of goods within the states of the Indian union. This will collected by the union however will be transferred over to the states. Thus it is essential to rolled over in the entire nation simultaneously when it comes out.

It is believed that information technology will play a crucial role in its effective execution and hence it is necessary to have a durable infrastructure to ensure seamless compliance and tax administration but analysts warned that there will be very less effect on the inflationary impact of GST on prices of medicines in the short run of one or two years. Also, the impact on pricing of drugs will be neutral up to 12%  tax rate and beyond that, there will be inflationary effect to some extent. The main concern is the rate of GST must be kept at a competitive level in order to have no increase in prices of drugs and medicines. GST may also have the impact on companies to clean up their supply chain in order to save taxes. It is seen that despite the initial issues of tax rate and compliance, in the long run, GST will be a win-win situation for both pharmaceutical companies and consumers.  The Indian pharmaceutical industry, with a domestic turnover of over $15 billion, has been witnessing high growth over the past decade. But it is facing problems like cumbersome taxation, heavy competition and increasing price controls.  Allopathic  medicines comes under the 12 per cent slab of the recently announced GST rates. And the pharmaceutical industry is worried that transition troubles may be around the corner, if the government does not act soon enough to tackle them. There is a lot of confusion amongst the manufacturers, wholesalers, traders and retailers. “As far as the health care and pharma industry is concerned, it is expected that the new GST legislation would benefit the consumers by making affordable health care a reality.”

The Indian healthcare sector is likely to touch $150  billion by the end of 2017. Healthcare Industries is one of the leading contributors with respect to revenue and employment from tax.Indian Pharmaceutical sector is fragmented and complex with more than twenty thousand registered units. Many pharmaceutical companies currently work on traders-of-goods model in which quite a few services they avail becomes a cost for them with service tax implications involved. But with seamless credit mechanism to be introduced by GST the service tax paid by the companies will come back to them as a refund and in that way saving the cost.  The impact of GST on the pharmaceutical industry is still not very transparent. But both end consumers and industry players hope this to culminate in a win-win situation. With reduced complexities and overall reduction in cost this translates to be a profitability and promising development.

“It is still not clear that whether the healthcare sector, as well as life-saving drugs and medical devices, will continue to be exempted from the taxes after the implementation of the Act or not. In case you are confused about GST as a business owner, feel free to consult the GST experts . ”

There are Taxes that GST replaces:
  1. Central Excise Duty
  2. Service Tax
  3. Countervailing Duty
  4. Special Countervailing Duty
  5. Value Added Tax (VAT)
  6. Central Sales Tax (CST)
  7. Octroi
  8. Entertainment Tax
  9. Entry Tax
  10. Purchase Tax
  11. Luxury Tax
  12. Advertisement taxes
  13. Taxes applicable on lotteries.

 

 

Top Pharma Franchise Company

Focus Healthcare Pvt. Ltd. is one of the growing Pharma Franchise Company. We trust in providing best Pharma Franchise to our Customers.We are the best Pharma PCD Company in the industry.We provide a wide range of products. We are looking for Franchise on PCD (propaganda cum distribution) basis in all states in India.We offer PCD Pharma Franchise ,franchise pharma pcd ,pharma pcd, pcd pharma district wise on monopoly basis,pcd pharma state wise.In order to match the requirements of the clients, We established ourselves as leading Pharma Distributors. With an aim to established ourselves in every corner of the region, we offer PCD or franchisee of the company. In addition to this, we offer monopoly rights to professionally managed groups. Owing to our qualitative product range, we have trusted by the customers across the region.
 
Some of other details are mentioned as under:

  • Wide product line
  • Reasonable prices of the products
  • Reliability

 

We are one of the leading suppliers and traders of pharmaceuticals products for PCD franchise market in INDIA.We offer our services according to the latest marketing trends by our skilled professionals and efficient management.We provide a wide range of products covered in different divisions for pcd marketing.

 

Top Pharma Franchise Company-Focus Healthcare Pvt. Ltd.

Focus Healthcare Pvt. Ltd. was incorporated as a private limited in 1998 under the Indian Companies Act,1956. We have a very well designed PCD Pharma program to provide PCD franchise to our customers. Your search for best PCD Pharma company ends here. The company focuses on health with Quality Medicine and supports all these with dedicated customer service.We provide PCD Pharma Franchise,Pharma PCD Distributorship state or district for all over India on PCD basis.We are very much interested in making new contacts having valuable bond in unrepresented areas and we expect you to avail the opportunity which you have in your hands.

 

 

OUR QUALITY PRODUCTS

We offer our services according to the latest marketing trends by our skilled professionals and efficient management. We provide a wide range of products covered in different divisions for pcd marketing. Our wide range of products includes:

  1. Tablet
  2. Capsules
  3. SoftGels
  4. Injectables
  5. Syrups
  6. Dry Syrups
  7. Ointments
  8. Ayurvedic Products

 

Our Pharma Franchise Offers :

  • Timely Services & Regular Supplies.
  • Long Lasting Transparent Dealings.
  • Quick & Hassle free Business.
  • Responsible and Honest Transactions.
  • No Supplies without your Confirmed Orders.
  • Attractive Packing (Latest Alu Alu/Strip Pack)
  • Most Competitive Rates and Latest Molecules.
  • Promotional Inputs (Working Bag,Visual Aid, Leave Behinds etc.)

 

Target States For Pharma PCD Franchise

Our Company has expanded its Operation with new divisions and for this our Company is looking for Pharma PCD distributors/ Pharma PCD Franchise all over India

  1. Andhra Pradesh
  2. Arunachal Pradesh
  3. Assam
  4. Bihar
  5. Chandigarh
  6. Chhattisgarh
  7. Delhi
  8. Goa
  9. Gujarat
  10. Haryana
  11. Himachal Pradesh
  12. Jammu and Kashmir
  13. Jharkhand
  14. Karnataka
  15. Kerala
  16. Madhya Pradesh
  17. Maharashtra
  18. Manipur
  19. Meghalaya
  20. Mizoram
  21. Nagaland
  22. Odisha(Orissa)
  23. Punjab
  24. Rajasthan
  25. Sikkim
  26. Tamil Nadu
  27. Tripura
  28. Uttar Pradesh
  29. Uttarakhand
  30. West Bengal