How do I register for 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.
Who is required to register under STPI?
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.
What is STPI approval?
STPI Approvals means all filings with, and consents and approvals of, the relevant authorities under the STPI Laws, including, inter-alia, customs bonded warehouse license, appropriate capital goods import limits and approvals, required to enable Seller (or its Subsidiaries) to transfer the India Business to Buyer (or …
What are the monthly compliance requirements for STPI?
1. Statutory Reports for STP Units: You will be required to maintain monthly Progress Reports (MPR) & Quarterly Progress Reports (QPR) and submit them by the 7th of a month on completion of previous month and by 10th of a month on completion of previous quarter respectively in the prescribed format.
What is the difference between STPI and non STPI registration?
Once NON-STP units get registered with STPI, they will be entitled for submission of Softex for certification as per prevailing guidelines of RBI. However, Non-STP units should also register each of their export contracts prior to submission of Softex against that contract.
How do I register non STPI?
Documents Required for Non STPI Registration
- Certificate of Incorporation of the Company.
- In case the entity is a partnership then the partnership deed must be submitted.
- In case the entity is a Limited Liability Partnership then a copy of the LLP agreement must be submitted.
- Memorandum of Association (MOA)
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.
Is STPI mandatory?
Registration under STPI as a NON-STP unit is mandatory for any company who does IT/ITES exports through Data communication links.
What are the benefits of STPI registration?
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.
Is STPI registration compulsory?
How do I pay my STPI service charge?
Service Charge slab for EHTP units Annual Service Charge of Rs. 20,000/ + GST per year irrespective of Exports. Rs. 60,000/ + GST has to be paid as Advance Services Charges at the time of executing the Legal Undertaking.