Special Requirements for Medical Store Billing
Medical store billing software must track batch numbers and expiry dates for every medicine sold. It must handle FIFO (first-in-first-out) stock dispensing to minimize expired stock. GST rates for medicines vary: 0% for some essential medicines, 12% for most branded medicines, and 18% for some medical devices.
Batch and Expiry Management
RetailIQ's batch management feature tracks batch number, manufacturing date, and expiry date for every stock entry. When a medicine is sold, the oldest batch (nearest expiry) is automatically deducted first (FIFO). Low-stock alerts notify you when a batch is running low, and expiry alerts warn you 30/60/90 days before medicines expire.
GST for Medical Stores
Medical store GST is complex — different medicines have different rates. RetailIQ supports multiple GST rates per product, so you can assign the correct rate to each medicine or medical device. The system generates proper tax invoices and monthly GST reports for easy GSTR-1 and GSTR-3B filing.
RetailIQ for Medical Stores
RetailIQ is used by hundreds of medical stores and pharmacies across India. Key features for pharmacies include: batch and expiry tracking, FIFO stock dispensing, generic medicine substitution, doctor-wise prescription tracking, customer purchase history, and WhatsApp invoice delivery for home delivery orders.
Frequently Asked Questions
What is the best billing software for medical stores in India?
RetailIQ is one of the best billing software options for medical stores and pharmacies in India. It includes batch and expiry tracking, FIFO stock management, multi-rate GST billing, and prescription tracking. Starting at ₹999/month (₹11,999/year) with a free trial.
Does pharmacy billing software track expiry dates?
Yes, RetailIQ tracks batch numbers, manufacturing dates, and expiry dates for every medicine. It alerts you 30/60/90 days before medicines expire and automatically uses FIFO to dispense the oldest stock first.
What GST rates apply to medical store billing?
GST rates for medicines in India vary: 0% for some essential medicines listed under Schedule I, 5% for some, 12% for most branded medicines, and 18% for certain medical devices. RetailIQ lets you assign the correct GST rate to each product individually.
Ready to Transform Your Retail Business?
Join 2,500+ Indian businesses on RetailIQ. Free 14-day trial. No credit card required.
Start Free Trial Now →