IMPORT EXPORT CODE (IEC) REGISTRATION SERVICES

Import and export codes in India, also known as the IEC (Import Export Code) number, are a 10-digit code issued by the Director General of Foreign Trade (DGFT). The IEC number is mandatory for businesses that are engaged in import and export activities in India. The code is used to track and regulate import and export transactions, and is required for customs clearance, availing benefits under various trade agreements, and other government procedures related to international trade.

Who requires an Import Export Code (IEC)?

•   Any person who/company which is planning to import or export goods commercially requires the mandatory IEC,

•   Any commercial import/export is illegal without IEC.

When is IEC required?

•   IEC is required by customs authorities when importer must get his/her shipment cleared from customs.

•   When importer sends payment to other countries via banks at that time bank requires the IEC code.

•   Similarly, when an exporter sends his shipment to other countries the customs authorities require this code.

•   The banks also require this code to receive payments on exporter’s behalf.

RERA Registration

RERA, or the Real Estate Regulatory Authority, is a mandatory registration process for all real estate developers and agents, ensuring transparency and accountability in the industry.

To regularize the issues that arise in the real estate industry, the Real Estate Regulatory Authority (RERA) was founded. Prior to beginning any marketing, sales, advertising, or soliciting people to invest in a plot, apartment, or building, the Real Estate (Regulation & Development) Act mandates that the asset be registered (RERA Registered). Promoters of construction and buildings, as well as other middlemen including building companies, developers, real estate brokers, etc., are subject to the RERA legislation. To ensure responsibility and openness in the real estate sector, developers and agents are required to register with the Real Estate Regulatory Authority, or RERA. We at AAC simplify the RERA registration procedure. You can rely on us to bring you comfort and guidance throughout the procedure.

BENEFITS OF RERA REGISTRATION -

1. Timely possession of the property.

2. Increased compliance reduces chances of fraud

3. Enhances trustworthiness

4. Clearance of assured license

5. Handles all complaints or grievances raised by the buyers

6. Proper disclosure of projects is made.

Professional tax registration services

Professional Tax is not limited to professionals as the name suggests—it applies to all forms of professions, trades, and employment, including salaried individuals, business owners, freelancers, and others, subject to prescribed income thresholds.

Under Article 276 of the Constitution of India, State Governments are empowered to levy and regulate Professional Tax, though not all states impose it. The tax is charged based on income slabs, with a maximum cap of ₹2,500 per year per individual.

Since the levy varies across states, compliance requires proper registration and adherence to state-specific rules.

PROFESSION TAX APPLICABILITY -

Profession tax is applicable on the following classes of persons:

•An Individual

•A Hindu Undivided Family (HUF)

•A Company/Firm/Co-operative Society/Association of persons or a body of individuals, whether incorporated or not

TYPES OF PROFESSIONAL TAX CERTIFICATE

1. Professional Tax Enrollment Certificate (PTEC)

Every business owner, professional, and company must register for PTEC. Every registered company must regularly file their PTEC Return on a yearly basis. The registered individual, professional, and company have to pay ₹ 2500 as a PTEC payment.

2. Professional Tax Registration Certificate (PTRC)

Every company (Government or Non-Government) that deducts the Professional Tax from their Employee's salary must register themselves for PTRC. Such registered company must regularly file their PTRC Return like GST.

IMPORTANT TIMELINE -

Due Date for PTEC Return Filing-

A company/firm should enroll for a Professional Tax Enlistment Certificate (PTEC) in no less than 30 days of its incorporation. Post which they need to pay their returns on or before 30th June of every year.

Due Date for PTRC Return Filing-

PTRC Return has to be filed on a monthly basis.

Shop & Establishment

Shop and establishment act regulates most of the businesses in India. It regulates the work environment of the business to ensure the rights of the labors are protected. Shop and Establishment License is a license which comes under Shop and Establishment Act and is governed by the labor departments of each state. Every owner/person looking to start a business and must be acquired within 30 days of commencement of business. it is mandatory for the shops or establishment of office or any business place to get registered under this act.

Exemption From Shop Act Registration

The following entities are exempt from the provisions of the Haryana Shops and Commercial Establishments Act and Rules:

•   Government offices or departments at the central or state level (excluding commercial undertakings), the Reserve Bank of India, any railway administration, or any local authority.

•   Services such as railway, water transport, air, tramway, postal, telegraph, telephone, public conservancy or sanitation, or any business that provides power, light, or water to the public.

•   Railway dining cars.

•   Law offices.

•   Individuals employed by any of the establishments mentioned above.

•   Individuals whose work hours are regulated by the Factories Act 1948, excluding sub-sections (3), (4), and (5) of Section 7 of the Shops and Commercial Establishments Act.

•   Individuals whose work is naturally intermittent.

•   Stamp vendors and petition writers.

MSME Registration

MSME stands for Micro Small Medium Enterprises. In India, most businesses are MSMEs. Hence to boost the Indian Economy and benefit the MSMEs, the government has launched MSME Registration. It allows the government to offer beneficial schemes to businesses under MSME Category.

The MSME Registration allows both goods and services businesses to enroll under the scheme. It is important to note that it is not mandatory to register under MSME. However, it is mandatory to have MSME Registration for availment of certain benefits.

ESIC Registration

The Employees' State Insurance (ESI) Act 1948 was introduced as a social protection plan to give social security to the employees of the organized sector across India. The Act was to safeguard the interests of employees in events that could cause loss of wages or earning capacity. These events include sickness, maternity, temporary or permanent physical disablement, and death due to work injury.

IS ESI REGISTRATION MANDATORY?

All Establishments and Factories utilizing in excess of 10 employees have to obligatorily apply for ESI enrollment in the span of 15 days from the date of its applicability to them. However, in some States threshold limit for coverage of establishments is 20.

After enlistment, ESIC gives acknowledgment to the utilizing element and its workers through designating a 17-digit special ID code.

CONTRIBUTION -

The ESI Scheme is financed by contributions from employers and employees. The rate of contribution by the employer is 4.75% of the wages payable to employees. The employees' contribution is at the rate of 1.75% of the wages payable to an employee.

An employer is expected to deposit the combined contributions within 15 days of the last day of the Calendar month

 

EPF Registration

Employee Provident Fund is a contributory scheme that gives retirement benefits to all salaried employees in India. The fund is governed by the Employees’ Provident Funds and Miscellaneous Provisions Act, 1956. Employee’s provident fund organization (EPFO) is the statutory body.

REGISTRATION

•Companies with less than 20 employees can voluntarily enroll themselves for EPF Registration.

•Companies with more than 20 employees, including both temporary and permanent employees, are required to register for EPF mandatorily.

•Co-operative societies with more than 50 employees are required to register themselves.

Trademark Registration

India is a hugely competitive market for business and company owners, with an excess of new yet identical brands/products emerging on a daily basis. In this case, brand protection is required to prevent others from exploiting your name or brand.

A trademark can be defined as a name, word, phrase, logo, symbol, design, image, or a combination of these elements that is important in promoting goods and providing information about the product's quality and uniqueness. And it also identifies the owner of a brand for a specific product or service.

Benefits of Trademark Registration:

•   Legal Protection

•   Protect your Brand

•   Help Build Credibility

•   Attract Customer