Software Technology Parks of India was set up in 1991 as an Autonomous Society under the Ministry of Electronics and Information Technology.
Rules of Export of Services, FEMA 2015:
Any organization dealing with the export of software, needs to provide some mandatory information in certain specific forms to the specified authority as per FEMA Guidelines This information includes:
In case of Export of Software, the competent authority to whom information needs to be submitted is STPI, through submitting SOFTEX Form
Objectives of STPI:
Statutory Services
This service is exclusively for 100% Export Oriented Unit, under these certain benefits are given to such units which includes Liberty to set up a unit in anywhere in the country, 100% Foreign Equity is permitted, Sales in Domestic Tarif Area is allowed, and 100% Depreciation on Computer & Computer Peripherals are allowed.
Internet Services / Data Communication
The STPI has been a pioneer in providing data communication services and the main features of it includes High Security Reliability, Cost effective enriched with latest management tools data connection along with 24*7 Technical Support.
Incubation Services
It is a facility basically for small and medium enterprises, it provides a readymade infrastructure for the entrepreneurs who have business ideas but needs infrastructure to execute it.
PMC Services
PMC services stands for Project Management and Consultancy Services. Under this STPI provides
GST Refund on Export of Services
No Import Duty or Custom on import of Capital Goods
The information cannot be altered once the application is being submitted. However, if the authority finds any information misleading or incomplete the same is updated on the Remark Column of the Portal for the respective changes.
While submitting the application for the STPI Registration payment of Rs 1,180/- has to be paid in the favour of STPI.
Around it takes around 3-4 days, for the application to be accepted. The same is communicated to the concerned applicant via the email id provided in the application.
No, the fees have to be paid only once, post that if any modification has to be made because of the rejection of the application and resubmission.