A medical store has steady, essential demand but strict licensing. Getting the compliance and stock right from the start is key. Here is how to open one.
A retail medical store needs a drug licence from the state drugs authority and a registered pharmacist. Sort the premises, qualifications and paperwork early, since selling medicines without a licence is illegal.
You need a clean shop of the required minimum area, with proper storage and refrigeration for medicines that need it. Correct storage protects the stock and is a licensing requirement.
Buy from authorised pharmaceutical distributors for genuine stock, and manage batches and expiry carefully. Reliable supply of common medicines is what builds a loyal local customer base.
Use billing software that tracks batch numbers and expiry, handles GST, and manages any credit. Note that many medicines are taxed at 5 percent GST under GST 2.0, so bill at the correct rate.
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