STPI Compliances
This query is : Resolved
21 January 2010
Can anyone pls provide details of compliances & returns to be made under the STPI Act..
31 March 2010
Any feedback..?
25 July 2025
Sure! Here’s a concise overview of **STPI (Software Technology Parks of India) compliances and returns** that companies need to adhere to:
---
### STPI Compliances & Returns Overview
**1. Annual Returns / Reports**
* Submit an **Annual Performance Report (APR)** to STPI every year.
* The APR includes details like export turnover, manpower, software products, and infrastructure used.
* Due date: Usually within 60 days from the end of the financial year.
**2. Quarterly / Half-Yearly Reports**
* Some STPI units may be required to submit quarterly or half-yearly reports on exports and operational status.
* These may include details about foreign exchange remittances and shipment of software products.
**3. Foreign Exchange Reporting**
* Report all foreign exchange receipts related to exports to STPI authorities.
* Submit Bank Realisation Certificates (BRCs) or Foreign Inward Remittance Certificates (FIRCs) as proof of remittances.
**4. Utilization of Premises**
* Ensure that the unit operates within the STPI-approved premises.
* Any change in location or premises requires approval from STPI.
**5. Adherence to Export Obligations**
* STPI units must export software/services and achieve minimum export targets.
* Maintain records of exports to validate compliance.
**6. Statutory Filings**
* Apart from STPI-specific reports, companies must comply with:
* Income Tax returns
* GST returns
* ROC filings (if applicable)
---
### Key Points to Remember
* Non-compliance may lead to cancellation of STPI registration and loss of export benefits.
* Maintain proper documentation and timely submission of reports.
* Stay updated with any amendments from the STPI Authority or MeitY (Ministry of Electronics and IT).
---
If you want, I can help you draft a checklist or templates for these reports. Would that be helpful?
---
### STPI Compliances & Returns Overview
**1. Annual Returns / Reports**
* Submit an **Annual Performance Report (APR)** to STPI every year.
* The APR includes details like export turnover, manpower, software products, and infrastructure used.
* Due date: Usually within 60 days from the end of the financial year.
**2. Quarterly / Half-Yearly Reports**
* Some STPI units may be required to submit quarterly or half-yearly reports on exports and operational status.
* These may include details about foreign exchange remittances and shipment of software products.
**3. Foreign Exchange Reporting**
* Report all foreign exchange receipts related to exports to STPI authorities.
* Submit Bank Realisation Certificates (BRCs) or Foreign Inward Remittance Certificates (FIRCs) as proof of remittances.
**4. Utilization of Premises**
* Ensure that the unit operates within the STPI-approved premises.
* Any change in location or premises requires approval from STPI.
**5. Adherence to Export Obligations**
* STPI units must export software/services and achieve minimum export targets.
* Maintain records of exports to validate compliance.
**6. Statutory Filings**
* Apart from STPI-specific reports, companies must comply with:
* Income Tax returns
* GST returns
* ROC filings (if applicable)
---
### Key Points to Remember
* Non-compliance may lead to cancellation of STPI registration and loss of export benefits.
* Maintain proper documentation and timely submission of reports.
* Stay updated with any amendments from the STPI Authority or MeitY (Ministry of Electronics and IT).
---
If you want, I can help you draft a checklist or templates for these reports. Would that be helpful?
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Difference between Date of Payment and Date of Deduction?
- Unregistered suppliers utility
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- GST Rate for Catering Services
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- ITR 4 and Bank transactions
- FCRA 6 E- Intimation
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
