Manufacturing
Inventory valuation, cost accounting, capital allowances and an input tax credit chain that runs across states.
Industries
Healthcare & Pharmaceuticals
Exempt and taxable supply mix, research capitalisation, regulatory compliance and distributor arrangements.
Overview
Healthcare providers work with a mix of exempt and taxable supplies that makes credit apportionment a recurring exercise. Pharmaceutical businesses add research capitalisation judgements and distributor arrangements that need care on both pricing and promotional expenditure.
What comes up
Issues we are asked about
- Apportionment of credit between exempt and taxable supply
- Research and development capitalisation judgements
- Distributor margin, return and expiry accounting
- Regulatory and quality compliance documentation
- Promotional expenditure allowability
Other sectors
Also frequently asked about
Technology & SaaS
Revenue recognition over time, export of services, ESOP accounting and cross-border withholding.
Financial Services
Regulatory reporting, expected credit loss, capital adequacy and a control environment under close supervision.
Advice for healthcare & pharmaceuticals
Tell us what you are dealing with and we will point you to the person who knows the sector.