Is it mandatory to register with STPI?

Registration under STPI as a NON-STP unit is mandatory for any company who does IT/ITES exports through Data communication links.

Who needs STPI registration?

As per RBI circular dated 13th September 2013, the exporters of the software will have to declare all the export transactions in SOFTEX, including those less than US$25,000. This means, all companies exporting software, irrespective of the value, have to register as Non-STPI units and file SOFTEX forms.

Is Softex certification mandatory?

The RBI had vide a Circular in September 20131, laid down a revised procedure for filing of SOFTEX making it mandatory for ALL exporters. The instruction takes precedence over a Notification from RBI in 20042 requiring the filing of SOFTEX only if the invoice value exceeded UD $ 25,000.

How do I register under STPI?

Guidelines for Registration of Non STP Units under STPI Company shall register with STPI on submission of application form online to the Director, STPI and processing fee of Rs. 1000 (one thousand only) in the form of demand draft in favour of the Director STPI along with the application.

What is the difference between STPI and non STPI registration?

STPI is the administrative authority for software export valuation and certification of SOFTEX form, in place of Customs. This means, all companies exporting software, irrespective of the value, have to register as Non STPI unit, file SOFTEX forms.

Is Softex mandatory for export of services?

As per the RBI guidelines, SOFTEX form is required to be submitted by any firm that does IT/ITeS (Information Technology enabled Services) exports through various data communication channels. The valuation is performed according to the customs valuation rules.

What is STPI compliance?

STPI is a unit which is registered as software export unit and the premises of which is also bonded with Customs department. Non-STPI unit are only registered with STPI authority which enables the unit to submit the SOFTEX, Quarterly Performance report and Annual Performance report.

What is the difference between STPI and non STPI?

Is GST applicable for STPI units?

As per the existing provision of Rule 96(10), after all the above amendments, an EOU/STPI unit would not be eligible for refund of output GST if the unit has procured duty-free goods under Notification No. 78/2017-Customs or has availed benefits under other notifications discussed above, as may be applicable.

What is the use of STPI registration?

Anybody or entity that wants to start a technology park for companies would have to go for STPI Registration. STPI is an abbreviation for software technology parks of India. This registration is crucial to carry out the license for technology parks in India.

What are the benefits of STPI?

What are the key benefits of STPI scheme?

• 100% Income Tax Holiday as per section 10A of the IT Act.
• 100% Customs duty exemption on imports.
• 100% excise duty exemption on indigenous procurement.
• Central Sales Tax reimbursement on indigenous purchases.
• Green card enabling priority treatment for Government clearances.

Who is required to file Softex?

Exporters registered under STP and SEZ must file SOFTEX form to value the software exports done by exporter. Some exporters of Software i.e. both IT and ITeS companies that are not registered in STP or SEZ or other EOU schemes scheme must also file SOFTEX, according to foreign trade policy.

Is it mandatory for any company to get registered as non-STPI unit?

IS IT MANDATORY FOR ANY IT/ITES COMPANIES WHO ARE INTO EXPORTS, TO GET REGISTERED AS NON-STP UNIT UNDER STPI? As per the prevailing RBI Master Circular No. RBI/2013-14/14 dated 1st July 2013 any company who does IT/ITES exports through Data communication links needs to submit the Softex Form for certification.

How much is STPI registration fee in India?

The fees must be paid by the applicant. A fee of Rs. 2,950.00/- (Rs. 2500.00 + Taxes) must be paid by mode of NEFT/ RTGS. This fee would only include the charges related to processing the application for STPI registration under Software Technology Parks of India.

Which is the primary regulatory authority for non STPI in India?

The following entities can be registered as Non-STPI units: The primary regulatory authority for Non STPI registration is the Software Technology Parks of India (STPI). This body is an independent and autonomous body started by the Ministry of Electronics and Information Technology.

When do you have to file non STPI in Softex?

As per RBI circular dated 13th September 2013, the exporters of software will have to declare all the export transactions in SOFTEX, including those less than US$25000. This means, all companies exporting software, irrespective of the value, have to register as Non STPI unit, file SOFTEX forms.