gst return filing

How to file GST return?

What is GST Return? A return is a document which contains all the details of the income which a taxpayer is obliged to file with the tax regulatory authorities. This is used by tax professionals to calculate tax liability. Under GST, a registered dealer has to file GST returns that include: Purchases Sales Output GST (On sales) Input…

crazy brand name

Why medicines have crazy names?

Medicines are known by their name just as humans are known by their names. Pharmaceutical companies have to name them to identify individually because a company can not sell their products without naming them. The brand name is the important factor of a product after the product’s quality and packaging from the consumer’s points of view.…

china is interested in buying medicines from india

China is interested in buying medicines from India

China, known as world’s manufacturing powerhouse, is moving fast towards a more value-add economy and there is one big industry where the country could dominate the market both as a maker and consumer: healthcare industry. That is because, in a matter of decades, China rocketed into its position as the world’s second-largest economy under a…

dpco drug price control order

Drug Price control Order (DPCO) Act

Drug Price control Order (DPCO) Act The drug price control order (DPCO) is an order issued by the government under the “Essential Commodities Act” which enables it to fix the prices of some essential bulk drugs and their formulations. This control order was introduced back in the 1970s for the first time the government placed…

Benefits of Pharmaceutical Contract Manufacturing

Image source:  https://vibcare.co.in/third-party-contract-manufacturing/ Pharmaceutical contract manufacturing is the process of outsourcing the work of manufacturing medication such as pills, tablets, and capsules for consumption to a third party. It may also entail drug development processes and even regulatory support to help with the lengthy approval needed for a drug to be released on the market.…

medical representative

Role of Medical Representative

Role of Medical Representative Role of medical representative is to create demand for an existing product or launch new product ensuring availability at retailers and stockiest. The role of Medical Representative is very challenging. They represent the total company in a given territory. They have to work hard from morning to midnight at different hospitals,…