Koyambedu, ChennaiMon – Sat, 9:30 AM – 5:30 PM

GST, Income Tax & Audit Services for Medical Shops & Pharmacies

Pharmacies need a drug licence, batch-wise purchase records and GST on medicines and FMCG items at different rates. Expiry returns and credit notes from distributors must be reconciled carefully.

Compliance checklist for medical shops & pharmacies

  • Drug licence and pharmacist registration coordination
  • GST on medicines, surgicals and FMCG at correct rates
  • Distributor credit notes for expiry returns
  • Stock audit for bank limits
  • Tax audit when turnover crosses the limits
  • Monthly books with margin tracking

How we help medical shops & pharmacies

We start with a free review of your current registrations, billing and returns. You then get a simple action list and a fixed fee. Every month we collect your bills on WhatsApp, update your books, file GST and other returns before the due dates, and send you a short summary of sales, tax paid and what's coming up next.

At year-end we finalise your accounts, file the income tax return and, if your turnover requires it, complete the tax audit. When you need a bank loan, subsidy or new licence, your records are already in order.

Common problems we fix

  • Wrong GST rate in billing software
  • Unfiled or late GST returns and cancelled registrations
  • Input tax credit lost due to supplier mismatches
  • No proper books for bank loan applications
  • Missed PF / ESI after staff growth
  • Income tax notices for cash deposits or turnover mismatch

Questions from medical shops & pharmacies owners

How are expired medicine returns treated under GST?

Returns to the distributor are usually settled by a credit note, which reduces your input credit. Recording them correctly every month avoids mismatches.

Do you provide services for medical shops & pharmacies in my area?

Yes. We serve medical shops & pharmacies across Chennai and every taluk of Thanjavur district, online and in person. Call +91 7010 725 325.

Talk to a tax consultant today

Free first call. Tell us about your shop or business and we will list every registration, return and audit that applies — with a clear fixed fee.