STPI & Softtex

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  1. Registration of units under STP scheme
  2. Softtex Registration
  3. Monthly softex forms ( to be filed within 30 days from the date of last invoice raised in that month)
  4. Exit from STP scheme
  1. National coordination of transfer price documentation (as per local law)
  2. International documentation concepts (e.g. OECD Masterfile-Concept)
  3. Creation, conversion and analysis of Country-by-Country transfer pricing Reporting

Background of STPI

With the advent of globalization, several sectors have witnessed a drastic change in the last few years. Among all these sectors IT (Information Technology) sector is one good example, which has earned lot of lucrative benefits due to its sudden industrial growth. All across the globe companies are persistently demanding more and more computer professional services and computer software to run their program, but forwarding and exporting of computer software is not an easy task. For exporting the computer software from India or any other export of IT related service, we need to take approval from a government agency known as STPI (Software technology parks of India ) .

STPI agency was established in1991 by the Ministry of Communication and Information Technology. Under this agency government employee runs a software technology park scheme, which is an export oriented scheme for the development of computer software and the professional services. Thousands of business enterprises are registered under STPI , due to which the export in IT/ITES Industry has increased manifolds.

SOFTEX Form
Requirement for Filing SOFTEX Form

Featured Resources

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CA,B.com

Shyam Goel

Compliance and reporting Leader