TCS under GST:-

TCS refers to the tax which is collected by ECO (electronic commerce operator) when a supplier supplies some goods or services through the portal provided by ECO and the payment for that supply is also collected by the ECO.

Importer Exporter Code

Importer Exporter Code (IEC) is unique code assigned to Importers and Exporters. It is a 10 Digit Code. It is valid for the life time of the business and no need for renewal. Import and Export Code (IEC) is compulsory for every business, who is engaged in overseas business.