Sandeep Arun Kumbhare (CPA) (22 Points)
15 January 2025Hi,
One of my client is providing business support services like operations, HR, finance, etc to its Parent. Can anyone advise if Non-STPI registration is required ? What happens if company does not register for Non-STPI ?
I understand that once this registration is obtained, then SOFTEX will have to be filed.
Rama chary Rachakonda
(Master in Accounts & high court Advocate)
(8516 Points)
Replied 15 January 2025
Eligibility Criteria To be eligible for Non-STPI registration, your client's company should:
1. _Be an Indian company_: Registered under the Companies Act, 1956 or 2013.
2. _Provide software or IT-enabled services_: Including business support services.
3. _Have a minimum export turnover_: ₹10 lakhs in the preceding financial year.
1. _Penalties and fines_: For non-compliance with STPI regulations.
2. _Disallowance of tax benefits_: Under Section 10A/10B of the Income Tax Act, 1961.
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