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Reply to Abt IEC code

>>Hello,

1) Is GST is compulsory for proprietorship?
>>Yes, GST is compulsory under proprietorship.

2) Is IEC is compulsory?
>>As per govt notification, IEC is not mandatory under GST. It was mandatory during VAT regime. You can go without IEC but some people in custom still asks for it.

>>We suggest that if you have IEC. then you won\’t face any custom related problems. You better go with IEC. For IEC you need a current bank account also.

>>GST is compulsory but better you also go for IEC.

>>Regards.

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