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Import Export Code (IEC) Registration in India – Complete 2025 Process & Documents

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  The   IEC registration process in India 2025  is the first and most crucial step for any business planning to engage in import or export activities. Whether you are a manufacturer, trader, or service provider dealing with foreign clients, obtaining an Import Export Code (IEC) from the Directorate General of Foreign Trade (DGFT) is mandatory. In this guide, we will walk you through the complete registration process, the required documents, eligibility criteria, benefits, and common mistakes to avoid.c  What is the Import Export Code (IEC)? The Import Export Code (IEC) is a special 10-digit ID number that the DGFT issues to Indian businesses and individuals who are engaged in international trade. If you don’t have an IEC, you won’t be able to legally import or export goods in and out of India. It also serves as a primary business identity for availing benefits from the Foreign Trade Policy.  Who Needs an IEC? You must obtain an IEC if you: Import go...

MSME Udyam Registration 2025: Complete Process, Rules & Penalties

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Micro, Small, and Medium Enterprises (MSMEs) are the backbone of India’s economy, contributing significantly to GDP and employment. In order to receive advantages such as priority sector funding, reduced interest rates, and subsidies, companies need to finish the  MSME Udyam registration process 2025 . This guide covers the latest process, updated rules, and penalties for non-compliance, along with tips for a smooth registration.  What is MSME Udyam Registration? For MSMEs in India, the government issues an Udyam Registration ID. It took the place of the previous Udyog Aadhaar system in July 2020 and was introduced by the Ministry of MSME. This registration is entirely online, paperless, and based on self-declaration, enabling small businesses to prove their MSME status without complex documentation.  Benefits of MSME Udyam Registration Easy Access to Credit  – Loans without collateral under the CGTMSE plan. Government Subsidies  –Regarding patent reg...

How to Update KYC in EPFO Online in 2025 – Step-by-Step Guide

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Keeping your EPFO account details up to date is crucial to ensure smooth withdrawal, transfer, and claim settlements. In  2025 , the process to  update KYC in EPFO online 2025  has been made simpler and more accessible through the Unified Member Portal. Whether you need to link your Aadhaar, PAN, or update bank account details, this guide will walk you through each step in detail.  What is KYC in EPFO? KYC (Know Your Customer) in EPFO refers to updating and verifying your personal details such as Aadhaar number, PAN card, bank account, and other essential documents in your EPFO member profile. Without KYC updates, members may face delays in: EPF withdrawals Pension claims Money moving between several EPF accounts  Why KYC Update is Important for EPFO Members in 2025 Faster Claim Settlements:  Ensures that withdrawal requests are processed without manual verification delays. Error-Free Transactions:  Reduces chances of payment failures due to inco...

ESI Scheme 2025: Eligibility, Medical Benefits, Salary Limit & How to Apply Online

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  The Employees' State Insurance (ESI) Scheme is one of India’s most important social security initiatives. It offers medical and financial support to employees during sickness, maternity, disability, or death due to employment injury. If you're wondering about  ESI scheme eligibility 2025 , salary limits, or how to apply online, this article is your complete guide. What is the ESI Scheme? The ESI Scheme is administered by the Employees’ State Insurance Corporation (ESIC), under the Ministry of Labour and Employment. Introduced in 1952, it aims to provide comprehensive social security benefits to employees earning below a certain wage threshold. This scheme is funded through contributions from both employers and employees and covers a wide range of medical and cash benefits.  ESI Scheme Eligibility 2025 Who is eligible in 2025? The  ESI scheme eligibility 2025  primarily depends on the employee's salary and the nature of employment. Here are the criter...

Delhi HC Rules! No GST Refund if Registration is cancelled

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In a significant judgment with major implications for traders and business owners, the Delhi High Court has ruled that  GST refund on cancelled registration  will not be permitted. This decision sets a strong precedent for GST compliance in India and is expected to influence how refunds are processed under the Goods and Services Tax regime moving forward.  Let’s break down what the ruling means, how it affects businesses, and what you must know about GST registration cancellation rules and refund eligibility in 2025. Delhi High Court GST Judgment: The Background The case came to light when a trader sought a refund of the Input Tax Credit (ITC) accumulated in his Electronic Credit Ledger, even after his GST registration was cancelled. The refund claim was rejected by the tax authorities, and the matter escalated to the  t Delhi High Court. In its judgment, the Court clarified that refunds under GST law are conditional upon the existence of an active GST re...