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GST and e-invoicing for pharmacies in India: a simple guide
GST compliance is a daily reality for pharmacies. This guide covers the essentials — rates, e-invoicing and e-way bill thresholds, and returns — and how the right software handles them automatically. For your specific situation, consult a tax professional.
GST on medicines
Most medicines are taxed at 5% or 12% GST, with some items differing. Your billing system should apply the correct rate by product automatically and capture HSN codes on every invoice.
e-Invoicing thresholds
Businesses above the prescribed turnover threshold must generate e-invoices with an IRN and QR code. Pharmacy Pro can auto-generate compliant e-invoices once you cross the threshold, so nothing is manual.
e-Way bills
An e-way bill is generally required for the movement of goods above ₹50,000 in value. Software that integrates with the GST portal generates these in a click.
Returns and reconciliation
Clean, GST-ready data makes filing GSTR returns and reconciling purchases far simpler. A system that produces ledger statements, GSTR reports and a trial balance saves hours each month.