Import Export Code (IEC) for Trader / Business Owner — What's Different?
GST Applicable?
Yes — 5%/12%/18%/28% (by product)
Traders need GST if turnover > ₹40L (goods) or ₹20L (services). Composition scheme @ 1% available for turnover < ₹1.5 Cr.
Income Tax Benefit
Section 44AD: 8% deemed profit (6% for digital). ITR-4 for presumptive, ITR-3 with audit.
📍 Makrana, Rajasthan:
GST Code 08 | ROC Jaipur | Stamp Duty 5-6% | PT: ₹2,500/yr
Import Export Code (IEC) Process for Trader / Business Owner
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 Trader / Business Owner
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GST Registration
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Shop & Establishment License
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Trade License
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Udyam (MSME) Registration
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TDS compliance
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Annual ITR + Audit (if applicable)
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GSTR-3B (monthly/quarterly) + GSTR-1
SB
Adv Sandeep Bangarwa, Ba LLB
Tax Consultant & Legal Advisor · LegalKamkaz
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