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Why do we need Import Export Code (IEC)

Why do we need Import Export Code (IEC)?

Introducing IEC

The Directorate General of Foreign Trade or DGFT, Ministry of Commerce and Industries, Government of India issues an Import Export Code or IEC to conduct export-import business in India. It is a 10 digit code and this code has permanent validation. This code is integral to all importers and exporters in India. However, there are a few exceptions regarding the …

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GST SERVICES IN INDIA

GST SERVICES IN INDIA- A New Tax System

Concept of GST

The concept of Goods and Services Tax (GST) was first implemented on 1st July 2017. "GST Services in India” is considered as one of the most praise worthy changes in the Indian taxation system. On 29th March 2017, the GST Act was passed in the Lok Sabha and it has been termed as a ‘Good and Simple Tax’. This …

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GST Impact on Startups in India

GST Impact on Startups in India

Concept of GST

GST or Good and Service Tax as we commonly know it as, had a huge impact on various industries since its introduction. There is a huge debate regarding GST impact on startups in India and how it will impact the businesses conducted in India. GST is a one tax system that ultimately includes all other additional taxes. The concept of Goods …

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Offences that is punishable under FSSAI

Offences that is punishable under FSSAI

Why is FSSAI License needed?

FSSAI or The Food Safety and Standards Authority of India is composed with the help of the Ministry of Health & Family Welfare. The authority is responsible to supervise the proper implementation of FSS Act. This Act is implemented on various food business endeavors. Under this Act, all food manufacturing units may function from one contact.

FSSAI ensures that …

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What is Copyright registration in india

What is Copyright registration?

In India, the Copyright Act, 1957, accompanied by the Copyright Rules, 1958, is the prevailing regulation for copyright protection. The laws dictated under Copyright Act enables the creation of property rights for innovative and intellectual content. It serves to protect the official rights of the innovator and safeguards his or her work by averting further imitation of that work. The existing copyright laws safeguard a range …

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