9 Things You Definitely Didn’t Know About PCD Pharma Company - PowerPoint PPT Presentation

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

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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.  Read More Info Visit Our Site:- – PowerPoint PPT presentation

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


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Visit https//irenepcdpharma.in/
2
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.
3
  • 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.

4
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.

5
  • 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.

6
  • 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.

7
  • 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.

8
  • 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.

9
  • 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.

10
  • 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.

12
Contact Us
  • Visit Our Website- https//irenepcdpharma.in/
  • Mobile no- 9429774410
  • Address- 151- Shahjanand Estate, Ahmadabad,
    Gujarat, India, 382210
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