A medical store needs billing software that records the manufacturer's batch number and expiry date, warns before stock expires, keeps the records required for Schedule H and H1 drugs under the Drugs and Cosmetics Rules, and applies GST (5% on most medicines). FundRaksha Book handles GST billing, stock and credit, but it does not record expiry dates or keep a Schedule H1 register, so a pharmacy-specific system is usually the better fit.
What a pharmacy's billing must do
- Batch and expiry on every sale. You must be able to trace which manufacturer batch went to which customer, and never sell an expired strip.
- Expiry alerts and returns. A list of stock expiring in the next 60 or 90 days, so you can return it to the distributor in time.
- Schedule H and H1 records. Prescription drugs need the doctor's prescription; Schedule H1 drugs need a register with the prescriber's name and address, the patient's name, the drug and quantity, kept for inspection.
- Loose strips. Selling 4 tablets from a strip of 10 means billing in units, not just packs.
- Distributor credit. Pharmacies buy on 15 to 30 days' credit from several stockists; a supplier ledger matters.
GST on medical store items
| Item | HSN | GST |
|---|---|---|
| Medicines | 3004 | 5% (specified drugs nil) |
| Bandages | 3005 | 5% |
| Diagnostic kits | 3822 | 5% |
| Glucometer, thermometer | 9027, 9025 | 5% |
| Surgical gloves | 4015 | 5% |
| Diapers | 9619 | 5% |
| Face cream, perfume | 3304, 3303 | 18% |
Many pharmacies also sell cosmetics and FMCG, which can be 18%, so the software must hold a rate per item. Medicines are usually sold at or below MRP, which is inclusive of GST: work out the taxable value from MRP before you set the price.
Where FundRaksha Book fits, and where it does not
Book does the general parts well: GST invoices with HSN and an HSN-wise tax summary, CGST and SGST or IGST, barcode billing, MRP printed on labels, supplier and customer credit, expenses, and a profit report. Every purchase you enter becomes a batch with its own barcode, and the invoice can show the batch number per item.
But a Book batch is your purchase batch, not the manufacturer's batch printed on the strip, and Book has no expiry date field, no near-expiry report and no Schedule H1 register. For a full pharmacy, that is a real gap. Software built for pharmacy is the safer choice: for example, Marg ERP describes itself as built for retailers, distributors, pharma and FMCG businesses, and myBillBook lists batch tracking and expiry management on its site.
Book can still suit a surgical or wellness store selling devices, bandages, diapers and cosmetics, where expiry tracking by batch is less critical.
Worked example: pricing from MRP
A strip of a 5% medicine has MRP ₹105, inclusive of GST.
- Taxable value = 105 ÷ 1.05 = ₹100.00.
- GST = ₹5.00 (CGST ₹2.50 + SGST ₹2.50).
- If the pharmacy bought it at ₹80 plus GST, its margin on the taxable value is ₹20, or 20% of the selling price.
Check figures like these with the GST calculator before you set selling prices in any system.
Sources
- book.fundraksha.com (features, pricing and FAQ, checked 21 October 2026)
- taxinformation.cbic.gov.in/view-pdf/1010436/ENG/Notifications (Notification 9/2025-Central
- taxinformation.cbic.gov.in/view-pdf/1010437/ENG/Notifications (Notification 10/2025-Centra
- margcompusoft.com/pricing.html and https://margcompusoft.com (checked 21 October 2026)
- mybillbook.in (features and platforms; https://mybillbook.in/pricing redirected to the hom
- cdsco.gov.in (Drugs and Cosmetics Rules, 1945, Schedules H and H1)
Last reviewed: 2026-10-21. Information for Indian businesses; not legal advice.