Import Export Code (IEC) for Startup Founder — What's Different?
GST Applicable?
Yes — Depends on business (5-28%)
GST mandatory once turnover > ₹20L (₹40L for goods). E-commerce/aggregators: compulsory regardless.
Income Tax Benefit
Section 80-IAC: 100% tax deduction for DPIIT-recognized startups for 3 out of 10 years. Section 56(2)(viib) angel tax exemption available.
📍 Faridabad, Haryana:
GST Code 06 | ROC Chandigarh | Stamp Duty 7-8% | PT: ₹2,400/yr
Import Export Code (IEC) Process for Startup Founder
1Documents prepare karo
2Application submit karo
3Government processing
4Certificate/registration milega
Import Export Code (IEC) — Start Today
Timeline: 1-2 Business Days
💬 Start Now
Compliance Checklist for Startup Founder
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DPIIT Startup India Recognition
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Annual ROC filing (Form AOC-4, MGT-7)
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Director KYC (DIR-3)
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GST returns (monthly/quarterly)
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TDS returns (24Q, 26Q)
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Quarterly advance tax
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ESOP valuations (Rule 11UA)
SB
Adv Sandeep Bangarwa, Ba LLB
Tax Consultant & Legal Advisor · LegalKamkaz
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