GST
Clearing Up the Confusion: Delivery Challans vs. E-Way Bills
A delivery challan and an e-way bill are both documents that are used in the transport of goods in India. However, they serve different purposes and have different requirements and procedures. A delivery challan is a document that is issued by a ...
Expired Medicine: How to Turn a Loss into a Credit
Under the Goods and Services Tax (GST) system in India, input tax credit is a mechanism that allows businesses to claim a credit for the GST paid on purchases made in the course of their business. This can include the GST paid on purchases of expired ...
Maximizing Your Savings: GST and IPD Pharmacies
In India, goods and services tax (GST) is a tax on the supply of goods and services. GST is levied at various stages of the supply chain, from the manufacturer to the final consumer. In the context of pharmacy, "OPD" stands for "outpatient ...
GST for Products: How to Check
GST rate for a particular product can be checked by consulting the invoice provided by the distributor. The invoice should clearly indicate the GST rate applicable to the product, as well as the GST amount charged on the product. It's a good idea for ...
The GST Slabs for Pharmacies in India: What You Need to Know
In India, pharmacies are subject to the Goods and Services Tax (GST), which is a indirect tax that is levied on the supply of goods and services. The GST is divided into five different tax rates: 0%, 5%, 12%, 18%, and 28%. The tax rate that is ...