IEC code- Exporter of Service - accounting/IT support service
Import Export Code not generally required for service exports; GST documentation and foreign currency proof remain key.
Import Export Code registration is generally not required for exporting services such as IT outsourcing, accounting outsourcing, bookkeeping, payroll processing, or similar support services to foreign clients. For such service exports, the main compliance requirements are GST export documentation and proof of receipt of foreign currency through authorised banking channels. IEC is principally meant for businesses that import or export goods, but it may be advisable where export incentives under the Foreign Trade Policy are sought. The IEC application is separate, and the IEC number allotted is the same as the applicant's PAN. (AI Summary)
Does IT or accounting outsource support need IEC code registration?
Can you let me know what is the importer exporter code used for?
Goods and Services Tax - GST