What are PTR and PTS Calculator in PCD Pharma Company?

PTR (Price to Retailer) and PTS (Price to the stockist) are:

• The computer software can assist pharmaceutical and biotechnology companies in calculating contract terms.
• To calculate the price of products.
• Other financial terms are connected to the manufacture and commercialization of medicines.

Maintaining proper accounting records of a company’s financial transactions is an integral part of running a pharma business. With the increasing number of pharmaceutical companies entering the pharmaceutical manufacturing business, accounting documents become increasingly important.

What Is GST?

In India, the Goods and Services Tax, or GST, is an indirect regressive tax applied to imports and exports to collect customs and excise duties. All other indirect taxes are included in it, except for some state taxes, like stamp duty, local value markup, and property tax. It is developed to facilitate the flow of foreign trade by taxing consumption expenses at the start and shifting tax revenues to guarantee a level of internal market contest. The significant features of this tax include its simplicity, widespread application, comparability with other indirect taxes, stable tax ground, and liberalization of tax rates. The purpose of the tax is to provide the government with a regressive source of income and to boost domestic production and employment. 

What is Price to Stockist or PTS?

Any pharma company provides its goods to distributors or stockists at a price known as the Price to Stockist. It only applies to GST. The PTC is often called the price/ transaction cost or the fee-for-service price. According to this ratio, providers are charged for each service generated, based on bargained prices. As a result, higher rates are considered a positive economic indicator for the health care industry.

Sales of a product = PTS * Quantity of product sold from a stockist.

What is Price to Retailer or PTR?

PTR’s full form is Price to Retailer. Net schemes are estimated using PTR. An indicator of good quality, it approximates the cost of providing preventative medicine with the furnished value. A lower index indicates that special health equipment is of lower quality than average. As an example, if you want to give a 15% plan, this PTR calculator calculates its own net scheme worth based on the projected percentage.

What is MRP in PCD Pharma?

Maximum retail price, or MRP in short, is a manufacturer’s calculated price, the maximum price one can charge for a product in India or anywhere else.  MRP is inclusive of all taxes, including GST. It must be stated that retailers cannot charge GST over and above the MRP. GST is already contained in the MRP printed on the development. What is Stock Margin in PCD Pharma? After deducting all costs, including taxes, reductions, interest, and any other essential expenses, the Stock Margin is calculated. Typically, best stock dividends are included in this analysis, while ordinary stock dividends are not.

What is Retailer Margin in Pharma?

Retail margins are the gross margins that a retail company receives when it sells goods. Retailer Margin is the distinction between retail price and price of goods sold. It distinguishes between the manufacturer price and the retail price of a generic pharmaceutical (also called wholesale margin or retailing margin). Calculated by dividing the Retail Price by the Wholesale Price of the manufacturer.