Is STPI mandatory?
Export of IT/ITES Registration under STPI as a NON-STP unit is mandatory for any company who does IT/ITES exports through Data communication links.
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 is the difference between STPI and non STPI registration?
An Indian Company or A subsidiary of a Foreign Company or A branch office of a Foreign Company is eligible to become STP unit. Any form of an entity can obtain Non-STPI registration. However, such entity should have some form of software which can be exported outside India.
What is the meaning of STPI?
Software Technology Parks of India
Software Technology Parks of India (STPI)
What are the benefits of STPI?
These are just some of benefits of STPI scheme.
- Income tax holiday as per section 10A of the IT Act.
- Customs duty exemption on imports of capital equipment.
- Permission to set up STP anywhere in India.
- Import of equipment on loan or lease basis.
- Single window clearance approval scheme.
Who can register as non STPI?
1. Who can become a NON-STP unit under STPI and how? Any company/partnership firm/proprietorship which is into development of Export oriented Computer Software/IT Enabled Services can register itself as NON-STP unit under STPI to avail Softex certification.
Who can register with STPI?
Any company/partnership firm/proprietorship which is into the development of Export oriented Computer Software/IT Enabled Services can register itself as NON-STP unit under STPI to avail Softex certification. In order to become a NON-STP unit under STPI, the company has to register itself with STPI.
How do I register my business with STPI?
STPI Registration Procedure and Services
- Need to submit an application form in a prescribed manner.
- Need to submit legal documents like Memorandum of Association and Article of Association.
- Submit the details about board of members and name of directors to the same STPI authority.
What are STPI charges?
STP Registration Fees: Application fees are Rs. 2,950 (Rs. 2,500 + 18% GST) and Annual Service Charge (ASC) to be paid for the first three years in advance including GST.
What is 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. It is crucial to consider third-party advice for establishing this form of registration.
What is STPI and how is it maintained and controlled?
The section of STPI is maintained and controlled under the Ministry of Communication and Information Technology where the services related to STPI is completely tax exempted while exporting any of the products.
Is it mandatory to become a non-STP unit under STPI?
In order to become a NON-STP unit under STPI, the company has to register itself with STPI. + Is it mandatory for any IT/ITES companies who are into exports, to get registered as NON-STP unit under STPI?
What are the reporting requirements for STPI units?
Quarterly Reports- Units are also required to submit quarterly reports to comply with the requirements of STPI units. Performance Reports- Performance reports and progress of the STPI also have to be submitted as per the requirements. Accounts- Bank accounts have to be held separately.