The Pharma Industry has been representing for addressing the present inverted tax structure in GST and also for a lower GST rate for Pharma products.
As it has a significant impact on the pricing, working capital, contracts with vendors and customers, ERP systems, processes, internal control and accounting. Thus, giving them an opportunity to review the supply chain and move to a supply chain based on business parameters.

On the other hand, there are certain issues that have been left unaddressed. Making it important than ever, for Tax professionals to start dealing strategically with these issues through a Transitional GST Roadmap in order to minimise the negative impact on Cash flows.

The Challenge facing Tax heads in the Pharma Industry

To deal with lack of clarity on the GST implications on promotional schemes. As there is always a risk of receiving notices from the department
To be well equipped with a Strategic GST Transition roadmap to deal with the Technical and operational challenges


Agenda for the Day


Best Practices to deal with the Ambiguity in the prices of life-saving drugs and healthcare services


Understanding the various Memorandum of understanding ( MoU ) that need to be re- negotiated like the warehouse strategy , central or state incentives etc:


How to deal with E- Way bill generation & Technical complexities - Best practices for E way bill generation for comprehensive management of e-way bill lifecycle


Action points to deal with the ITC Complexities and reducing the negative impact on the Cash flows - Ensure that Input Tax Credits are duly reported on a regular basis in the relevant returns so as to eliminate loss of credit on transition to GST.


How do you ensure the Return matches when you reconcile statements? Best practices to tally data from different source before Filling - Review arrangements with group companies and the impact on valuation for inter-group transactions.

  • Strategic roadmap to ensure Data security, Business Continuity & stakeholders wellbeing
  • Strategies to deal with the lack of clarity on mechanics of cross charge & distribution of common credit through ISD Mechanism
  • Review the impact of GST on business processes and ERP systems, and prepare a high level transition plan.

Diving Deep into the Pain points and working out a strategic Roadmaps :

  • Dealing with Lack of Clarity on GST Implications for promotional schemes
  • Requirement of Reverse ITC in case of free supplies to retailers, stockists as it heavily follows this model for marketing

Speaker’s Corner

Akella Prakasa Rao


Biocon Limited

Mandar Borkar

Chief Financial Officer (CFO), Vice President - IT & Supply Chain

Indoco Remedies Limited

Rahul Verma

Head - Senior Director Tax


Simachal Mohanty

Head - Global Taxation

Dr. Reddy's Laboratories

Sushil K Goyal

Vice Chairman GST and Indirect Tax Committee

Institute of Chartered Accountants of India

Practical - Learning Outcome

Best Practices to Reduce the Negative impact on the Cash Flows due to unaddressed issues
Understanding Technical and Operational complexities specific to your industry
Capitalizing on Cloud based platforms to secure data and manage the interstate transactions

Who Will Attend?

Chief Financial Officer
Indirect Tax
GST Technology
Legal and Compliance
Finance Controllers
Finance officers

Pricing Details

1 Delegate

Rs. 1,000 + Taxes