The Tax Post-A bi-monthly Indirect Tax Bulletin - May 2021

BDO in India is pleased to present ‘The Tax Post’ - A bi-monthly Indirect Tax Bulletin’ focusing on the world of Indirect Taxes, highlighting major trends across the space in India and globally, while also bringing forth practical views and experiences from industry experts.

Sector in focus: ‘Healthcare – Medical Devices’

Healthcare has become one of India’s largest sectors, both in terms of revenue and employment. The sector comprises of hospitals, medical devices, medical equipment, telemedicine, medical tourism, health insurance, etc. The medical devices industry has grown significantly over the last decade and the global pandemic has further accelerated its growth and demand in the country. Currently, there is a huge gap in the demand and supply of medical devices in India, providing a significant opportunity for further growth.

This edition of the Tax Post highlights the key growth drivers of the sector in India and the challenges faced by the industry.