Hi,
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.
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.
CAclubindia
