What is the use of iec code.how a person can exports the goods with the use of iec code without any tax or gst.
what shall i do to apply for iec code and can i also export my goods without any tax or gst if yes then what is its full prodecure plz explain fully
1) IEC code is permission given by the GOVT of India for Import & Export Goods or services for For Import Export code (IEC ) you have apply online on web site Directorate General of Foreign Trade ,
2) In GST regime export of Goods are ZERO reated ,you can either export the goods by paying GST and claim refund or through LUT/ BOND ( subject to conditions) without payment of TAX .
3) you have take GST registration if you have not .
4) If you are sending through LUT /BOND without payment of then apply at GSTN web site www.gst.gov .
5) If you are exporting with payment of tax then Issue Invoice ,pay Tax ,file return ,and claim refund .
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