Master in Accounts & high court Advocate
9610 Points
Joined December 2011
To determine if your client needs to register for Non-STPI (Software Technology Parks of India), let's break it down:
Non-STPI Registration Non-STPI registration is required for companies providing software or IT-enabled services, including business support services like operations, HR, and finance, to their parent company or other entities.
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.
Consequences of Non-Registration If your client's company does not register for Non-STPI, they may face:
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.
3. _Difficulty in obtaining other certifications_: Such as ISO 9001 or CMMI. SOFTEX Filing Once your client obtains Non-STPI registration, they will need to file SOFTEX (Software Export Data) forms with
STPI: 1. _SOFTEX Form A_: For software exports. 2. _SOFTEX Form B_: For IT-enabled services. SOFTEX filing is mandatory for Non-STPI registered companies.