GST compliance is often cited as the biggest administrative headache for pharmacy owners. Between varying tax slabs (5%, 12%, 18%) and the need for accurate HSN reporting, the margin for error is slim.
HSN Code Accuracy
One of the most common reasons for GST audit flags is incorrect HSN mapping. ShelfCure's database contains over 100,000 pre-verified HSN codes for Indian medications. When you scan an invoice, the system automatically suggests the correct code.
Input Tax Credit (ITC) Reversal
Did you know you have to reverse ITC on expired medicines? Manually tracking which expired items had which tax credit applied is nearly impossible. Our software automates this "Credit Note" generation, ensuring you stay 100% compliant with tax laws.
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