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Exit from STP Scheme

varsha (ghhg) (92 Points)

07 April 2011

Budget 2011, didnt extend Income Tax benifits for STPI units. This means
there is no big reason to continue being a STPI unit.

Does anybody completed the procedure to exit from the STPI scheme? What is the procedure for the same?

Thanks and regards

Varsha

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3 Replies

Tally Gyan (MBA) (430 Points)
Replied 07 April 2011

Definitely varsha g......Now we have not any tax benifit in this scheme......if you wanna the exit from stpi scheme than you ask about this from own regional stpi director.......i thinks its better alternative is of entrance in SEZ.....but now MAT ( 18% ) is levy on it.

Srivatsa (Article) (21 Points)
Replied 20 January 2012

Hi,

Please find attached the procedure for exit from STP scheme.

Source-Soft.net

Attached File : 447964 912429 procedure for exit from stp.pdf downloaded: 546 times

Dipjyoti Majumdar (CA in service & CS. dipmaj@ rediffmail.com ) (3468 Points)
Replied 20 January 2012

I had the privelege to have a one on one with our regional STPI Asst. Director as we are also STPI unit. He opined that the coming 2012 budget might dole out some tax sops particularly to SMEs. But even if you opt out of STPI scheme, on export of software services you need to submit SOFTEX to them and charges will be as per designated figures.

Regards,