Starting Online Pharma Business in India
Among many pharma business segments such as PCD Pharma Company, Pharma Manufacturing, Pharma Franchise Company, Pharma Retailing, etc. there is one other concept to do pharma business in an online way. There is no special law or provision to regulate online pharmaceutical business in India. Pharmaceutical shopping companies or online pharmacies should follow rules made under the act of drug and cosmetic along with rules made under the Information Technology Act. For setting online pharma business, you need to develop an online website or mobile application otherwise you can create own seller account at popular pharmaceutical portals.
For developing the online pharmaceutical business website or seller account at any pharma portal, first, you need to develop a physical pharmacy store at any suitable place just like traditional pharmacy shop. Same documents are required for setting up online pharmacy as a traditional one. You also need a full-time pharmacist for your online pharmacy business for receiving orders of prescribed medicines submitted by patients. Offline or physical pharmacy store with all documents and complete procedure is compulsory for doing online pharma business and selling medicines. Required documents and procedure for starting a pharmacy store and selling them at an online platform is given below.
Documents required:
- Retail License
- GST Number
Retail Drug License:
Drug Control Officer of the district can issue retail drug license as per guidelines and format issued by state government and drug control office of the state. For applying for retail drug license, you need to visit the office of district drug control office. The application process or procedures may very as per different state policies where you are applying. It may online or offline.
Requirements for starting Online Pharmacy Business:
- Minimum space required is approx. 100 sq. Feet.
- Registered pharmacist for full-time business handling
- Proof of premises ( Rent or ownership)
- Address proof of premise
- Blueprint of premise
- Invoice of all the necessary types of equipment in premises such as Air Conditioner, Refrigerators, and other equipment.
- Attach all documents with photocopy along with the license application form.
Goods and Service Tax (GST):
GST number is compulsory for any firm or company having annual turnover equal or above to 40 lacs and you may need compulsory GST certifications for your firm if you are providing online selling services. You can apply for a drug license and GST certificate for your online business. After getting these certifications you can set up your online plate form either by developing an E-commerce shopping pharmacy site or registered your company with any leading online pharma portal.
