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Customs

Bishweshwar Bhattacharjee (A) (33 Points)

02 March 2019

WHEN IEC REQUIRE FOR EXPORT OF SERVICE ?

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6 Replies

Pankaj Rawat (GST Practitioner) (55047 Points)
Replied 03 March 2019

As per FTP you cannot Import export without having IEC Code . But in GST GSTIN number may be used for the purpose of import and export in India. However, to maintain uniformity, the department has agreed that PAN should be used as a IEC number and not the GSTIN number. Also, for new applicants, the application shall be sent to DGFT department and the department shall issue the IEC number as your PAN number only.

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Bishweshwar Bhattacharjee (A) (33 Points)
Replied 04 March 2019

For import of goods services iEC required

Pankaj Rawat (GST Practitioner) (55047 Points)
Replied 06 March 2019

Yes ...... ...............

Bishweshwar Bhattacharjee (A) (33 Points)
Replied 10 March 2019

If I purchase a interstate GTA service then party doesn't charge gst in bill then RCM will paid in which tax head cgst,sgst or igst

Pankaj Rawat (GST Practitioner) (55047 Points)
Replied 11 March 2019

As per Section 12(8) IGST Act : If recipient is registered than location of such person, otherwise location at which such goods are handed over for their transportation Hence RCM is to be deposited under IGST