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Healthcare Registration: Clinic

Courtesy/By: Shruti Singh | 2021-01-05 18:37     Views : 269

Healthcare Registration: Clinic   

The healthcare industry is growing rapidly with the increase in population and health awareness. Healthcare infrastructure and facilities though available in the major cities, the small towns and villages lack this kind of infrastructure, depriving the rural population of health care facilities.  

The Healthcare clinics help in serving this gap by providing quality health care to a population in small towns and rural areas. The clinics do not need huge investments in the infrastructure, and cater to many people and hence a good small business for Doctors and Medical Practitioners.  

Business Establishment  

The startups generally begin as a registered entity to provide limited liability protection to the promoters reducing the risk and this is also transferrable in the future. Healthcare clinics generally use this model and get their business registered as a Limited Liability Partnership Firm (LLP). The structure of the business may be with one or more partners as licensed Practitioners and with the investors and other stakeholders as a part of the LLP as non-healthcare service providers.  

A small clinic with an annual turnover of less than Rs.10 lakhs, may be registered as a Proprietorship firm but to establish a large clinic with an investment exceeding Rs.25 lakhs, should be registered as a private limited company.  

A trademark for a healthcare clinic  

The healthcare clinics obtain trademark registration to make sure the investments in branding and intellectual property are fully secure and in-process creating an intangible asset and building. The latest trend in the health care market is in this direction and many health care brands are being established having their unique brand names.   

Service Tax Registration  

Under the service tax act, there are some services that are not taxable in the health care sector viz. the services provided by an independent/resident doctor of any hospital are non-taxable.  

Tax is also exempted in case of the patient being a part of the same business which is providing the health service.  

Preventive care offered to an insured person is also exempted from tax and payments made for the health care services obtained are non-taxable.  

All the other health care services, come under the category of taxable services and it is mandatory to get service tax registration, in case the annual turnover crosses Rs. 9 lakhs. 

 

This Article Does Not Intend To Hurt The Sentiments Of Any Individual Community, Sect, Or Religion Etcetera. This Article Is Based Purely On The Authors Personal Views And Opinions In The Exercise Of The Fundamental Right Guaranteed Under Article 19(1)(A) And Other Related Laws Being Force In India, For The Time Being.

Courtesy/By: Shruti Singh | 2021-01-05 18:37