9 Things You Definitely Didn’t Know About PCD Pharma Company

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Visit https//irenepcdpharma.in/
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PCD Pharma Companies or Propaganda Cum
Distribution company is the business of
authorizing the distribution and marketing rights
to a business partner at monopoly
basis.  A pharmaceutical firm gives the rights
to a pharma distributor. The distributor can
use the name of the company and brand on behalf
of the owner company.
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• Here are 9 crucial things that you never knew
  about the business concept.
• 1 Apply for GST number first
• If this is going to be your first business
  venture, then you have to apply for GST (Goods
  and Service Tax) number before doing anything. It
  is essential as any goods or services sold for
  domestic consumption attract the value-added tax
  GST.

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2 Apply for Drug License

• To launch a pharma business, you need a drug
  license. In India, it is issued by the drug
  standard control organization. It is-
• Retail Drug License
• Wholesaler Drug License
• You are supposed to check the eligibility
  guidelines to acquire the license.

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• 3 You can get credit as per the pharma companys
  credit policy
• Credit means you receive money in advance and
  promise to pay for it later.
• In the PCD Pharma Franchise business, the credit
  depends on the policy followed by the company.

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• 4 PI is different from Tax Invoice
• PI is Performa Invoice. It is a preliminary bill
  of sale sent to buyers in advance of delivery of
  material or shipment. It has information like
  item details, MRP, rate, and batch number with
  expiry.
• PI is not a valid document for Input Tax. For
  this, you need a Tax Invoice, which is a
  commercial instrument delivered to the buyer.

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• 5 Monopoly Right
• A monopoly means there will be only one supplier
  of one commodity in one area.
• A pharma franchise monopoly agreement gives the
  rights to one company at one location as per the
  contract.

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• 6 Sales Tax
• The Sales Tax is paid to the government for the
  sales of goods or services, both produced as well
  as imported. When they are sold without adding
  any value, then the tax is not levied again.
• Both central and state governments have the
  authority to levy the tax.

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• 7 Ethical, Generic and PCD medicines are
  different
• Generic medicines are similar to Ethical
  medicines in dose, strength, efficacy, and
  results but their cost is quite less.

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• 8 Third-party manufacturing
• Also called Contract Manufacturing, it is the
  process of outsourcing the production
  of pharmaceuticals with the same brand name.

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• 9 It is a profitable business if done well
• The selection of the right product and right PCD
  Pharma manufacturing company will bring high
  profitability and success.

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Contact Us

• Visit Our Website- https//irenepcdpharma.in/
• Mobile no- 9429774410
• Address- 151- Shahjanand Estate, Ahmadabad,
  Gujarat, India, 382210