EPCG Consultants in Chennai


EPCG Consultant No hidden Charges
epcg registration Fast Process
epcg application 24/7 Support
epcg filing No Visit to Office

Currently, We are providing service EPCG Consultant in Chennai

 

EPCG LICENCE CONSULTANT


ClearFilings is providing the Consultancy services on Export Promotional Capital Goods (EPCG) in India. EPCG Consultancy provide on when they import capital Goods by Manufacturer, Merchant Exporter. EPCG License issued by the DGFT to import the Capital Goods to manufacturer the material subject to re-rexport the material equivalent to 8 times of duty saved. The Scheme well supported to Manufacturer export as they importing the Capital Goods at large discount. The Domestic manufacturer can avail the refund of excise duty when the capital goods sold to EPCG License holder in india. A domestic suppliers also eligible to import the raw material without duty and other benefits as per Act. EPCG License can be applied for Project Import Scheme (PIS) to establish a new project and expanding a existing project. A importer has to provide the Security Deposit in the Form Bank Guarantee at 2% of CIF value of the Goods to be imported under the Project Import Scheme subject to maximum Rs.1 crore. Some of the units like government and public sector undertaking are exempted from provide the security deposit under PIS.

FEATURES OF EPCG LICENSE


GST Composition Scheme

Composition Scheme

The GST Act provides various benefits for small entrepreneurs to do the business in peace of mind.The Act will be applicable whoever having the turnover of below Rs.150 Lakhs

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GST Input Tax Distributor

Input Tax Distributor

Input Service Distributor shortly called as ISD under the GST Act. A Input Service Distributor is received the invoices from the branches on the services rendered to the branches of the organization.

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GST Zero Rate Taxes

Zero Rate Taxes

If a registered dealer supplies to export ( both goods or service ) or supply of SEZ is considered as Zero Rated Tax under the Goods & Service Tax (GST). There is no tax applicable on the supply

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GST Threshold Limit

Threshold Limit

The GST Council has decided the threshold limit for GST Registration . The category has divided normal & special under GST Act. The normal Category threshold limit is exceed Rs.40 Lakhs

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GST Filing Chennai for Annual Return Filing

For all those who have a liability to register themselves, if fails to do the same than under section 75A of the finance act 1994 penalty for the failure of an assessed to get himself registered was fixed at Rs. 500/- as a onetime payment but subsequently this section was deleted by the virtue of the finance act 2004 and now the general penalty that is applicable is Rs. 1000/- as per section 77 of Finance act.

Who has to File GSTR9, the annual Return?

For all those who have a liability to register themselves, if fails to do the same than under section 75A of the finance act 1994 penalty for the failure of an assessed to get himself registered was fixed at Rs. 500/- as a onetime payment but subsequently this section was deleted by the virtue of the finance act 2004 and now the general penalty that is applicable is Rs. 1000/- as per section 77 of Finance act.

DOCUMENTS REQUIRED FOR EPCG LICENSE


FOR COMPANY

  • PAN
  • Rental Agreement
  • Bank Statement
  • EB receipt
  • Resolution Copy in case of Company

FOR OWNERES

  • PAN
  • Voter ID / Passport/ Driving License / Aadhar Number
  • Photo – 2 Nos
  • ATTESTATION
  • Documents to be attested

REGISTRATION

  • ST-2 will be issued by the department.

HOW LONG DOES IT TAKES?


Step

01

Collection of Sales & Purchases before 8 of succeeding month

1 DAY

Step

02

Preparation of Statement to arrive tax
 

1 DAY

Step

03

Submission of Return after getting the approval and payment of Tax

1 DAY

Step

04

Acknowledgment of Tax Filing send to Customer for GSTR 1 & 3B

1 DAY

Frequently Asked Questions

What is a DGFT?
A DGFT means Director General of Foreign Trade.
What is EPCG License?
A EPCG means Export Promotion Capital Goods, Which is offers duty savings on import of Capital Goods in India.
What is Zero Duty EPCG Scheme?
A Zero Duty EPGC Scheme can be applied on some Products,like Engineering & Electronic products, etc.
Can EPCG can apply for Service Sector?
Yes, Service sector can apply EPCG License for procuring the Capital Goods subject to export obligation.
Can a Salaried person become the director in Private Limited Company?
Yes, a salaried person becomes the director in private limited company, there are no legal bondages in this, but you have to go through with your employment agreement if it contains any restrictions on doing so.
How long is the company valid for?
Once a Company is incorporated, it will be active and in existence as long as the annual compliances are met with regularly. In case, annual compliances are not complied with, the Company will become a Dormant Company and may be struck off from the register after a period of time. A struck-off Company can be revived for a period of up to 20 years.
What is DSC?
Digital Signature Certificates (DSC) is an electronic format of a certificate that represents the physical form of a certificate. These are specific certificates which give you authority to access information or services on the Internet or to sign legal documents. It works as a prove for the identity of a person example of certificates can be like a driving license, passport or any membership certificates. It’s the same way as the physical documents are signed manually, the electronic documents, like e-forms, are signed by using the Digital Signature Certificate.
What is DIN?
Director identification number is the unique number that is issued to existing Director or a Future Director of a Company. It is required to be submitted during the procedure for company registration. It is denoted as DIN. Often there are crisis situations when a company is created with money raised from the investors and public, then the director along with all the money vanishes which are not traceable if they don’t have a DIN. To avoid such fraudulent cases and maintain a proper record of the company a DIN is necessary.
What is a Stamp Duty?
It is a tax that is demanded on documents. The stamp duty includes majorly the legal documents such as Cheque, military commissions, marriage license, receipts and land transactions. When a physical stamp is attached to the document, it is denoted that, the stamp duty had been paid for the particular document which was effective legally.
Do I need a Chartered Accountant to register my company?
Yes, a chartered accountant is important for a company registration, as it provides general accounting, internal auditing, accounting, outsourcing, income tax advisors, tax planning, etc.
Can a government servant, start his/her own company?
It is a strict No, a government employee cannot run a business or do a part time job and for that matter anything except the designated work in the government.
What is a Share Certificate?
It is a written document which is signed on behalf of a corporation/company to serve as a legal proof of ownership of shares/stock that the company indicates to have. It is also termed as Stock Certificate.
When to appoint a CA/CS in company?
Every company having a paid-up capital of Rs. 5 crore needs to have a whole time CS official as per the new amendment in the Company Act.

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