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Ie code for it service provider

Harshal (Engg. Service Manager) (32 Points)

14 October 2012

Kindly advise if an Import-Export code number is required for IT service provider providing e-files to customers overseas. If yes, should it be applied on company pan number or director pan number.

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Tejas Jain (Chartered Accountant) (314 Points)
Replied 14 October 2012

You only need an IEC if you are going to be making sizeable exports and your income from export of services is more than Rs. 9 lakhs. In this case, getting an IEC will make you eligible to get a service tax exemption.

It should be applied on the PAN of the company..

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Harshal (Engg. Service Manager) (32 Points)
Replied 14 October 2012

Originally posted by : Tejas Jain
	You only need an IEC if you are going to be making sizeable exports and your income from export of services is more than Rs. 9 lakhs. In this case, getting an IEC will make you eligible to get a service tax exemption. It should be applied on the PAN of the company..

As of now it has not reached 9L, but may reach there, so it is advisable to apply for it.

Also if you could advise, if I want to buy the software (packaged /non-customized) for my work from US do I have to pay service tax, vat etc here in India over n above the cost of software.

Rama Krishnan (MBA) (571 Points)
Replied 15 October 2012

IT IS ADVISABLE TO TAKE IEC,

YOU WILL ALSO BE ABLE TO CLAIM VARIOUS EXPORT BENEFITS THATS FLOATED BY MINISTRY OF COMMERCER. LIKE FOR SERVICE EXPORTS YOU WILL BE ABLE TO CLAIM SERVED FROM INDIA SCHEME AND OTHERS

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