In India, the medical store is a long-run business that is not influenced by the industrial circles. Again, the growing demand for corporate hospitals and multi-specialty hospitals in India has produced large growth for the healthcare and medical store in India. A drug license is needed to start a medical store business. The State Drugs Standard Control Organization control and Central Drugs Standard Control Organization give away of drug license for a medical store in India. According to the introduction of the new tax so all the medicals need to get GST Registration. The medical store’s necessity is to obtain GST and its registration if the aggregate turnover in a fiscal year passes the set limit. The limit defined by the GST Council that is Rs. 20 lakhs for all states except the North-Easter Hilly states their limit is Rs.10 lakhs.All medical stores have a large responsibility and there is no room for mistakes on their part in the case of consumers/patients of medicines. The drug license is issued to medical stores for the purpose. They usually required obeying various legal procedures before they start trading medicines. To determine the variety of medical store, before progressing for registration, a person needs to determine the variety of medical store person needs to have. The choices accessible are:
Stocks and stores in Government offices.
Township medical stores: It is established in a town to provide according to the demands of the people.
Standalone medical store: It is the most recommended form of a medical store that is located in a residential area.
Franchise outlets or Chain Pharmacy: Medical stores situated in the malls are part of a series of stores.
Hospital medical store: It is located inside the hospital. It is commenced to provide the demands of the patients.
Kind of drug license for medical store
Before starting the proceedings for all medical stores, be it small or big, it needs to be issued a drug license from the CDSCO and SDSCO Organization. These organizations are required for circulating two primary drug licenses.Wholesale Drug License: The license which is assigned to medical stores for trading in the wholesale business for drugs and medicines. There are not many strict requirements that one has to face in order to get this license.Retail Drug License: This license is required to operate a common chemist shop. A charge has to be submitted by the owner. The registration can be done in the name of a person who holds a degree or diploma in pharmacy from a known university or institute.
Registration procedure of drug license for medical store
The registration of medical stores in India is an act under the Indian pharmacy Act, 1948. The acts comprise of the fact that all the medical stores have to get registered with the state government with all the mandatory documentation. The submission of the document will decide the matter of issuing the license or not. There is a Department for Drug Control in India which helps the companies to ease the registration process.
Tax registration- The GST registration process is a mandatory procedure to carry out a medical store business as trading of medicines or drugs are allowed on the basis of goods and service tax.
Company registration- Registration for medical stores is a very important process as this will gradually help them to get a drug license. It all depends on the person who is opening a medical store and which mode of the company he/she wants to operate. The following options one can refer for starting a medical store business.
Shop and Establishment Registration or Gumasta Registration (Only in Maharashtra). You require to get your shop and establishment registration done in order to operate a medical store business without trouble from the officials as per the corporate rules of the particular public corporation. Also, this singular document is needed as a helping document from several different registrations and licenses.
Photo ID proof of proprietor, partner or director.
Constitution of the firm (Memorandum of association /articles of association).
Copy of Property paper (If owned property)
Affidavit regarding the compliance of MPD 2021 (if premises are located on DDA residential flat/ plot/ building)
Copy of Rent agreement (If rented property)
An affidavit from the registered pharmacist /competent person
Site Plan and key plan of the premises
Address proof (rent agreement/sale deed)
E-Payment method of drug license for medical store
The candidate can make the payment of a charge for the demanded license by the NCT Delhi the e-payment portal for drug license.
To make the demanded payment amount, one can log into the e-payment website of the Delhi government.
Select the department as Drugs Control and choose the essential license kind for which the fee is to be made.
List the needed payee detailed information. The sum to be paid for every kind of license is displayed.
Tap on the submit button and continue with the payment process.Are you looking for registration of a drug license? Your stop is here. One must possess a licence to start up any medical store that will ease its trade in medicines. For more details related to the Drug Licence, Company Registration, Franchise partner Registration, LLP Registration, Partnership Registration, OPC Registration and GST Registration for medical store, you can visit our website www.legalraahi.com. Our experts will help you to guide your new company registration.