Software Technology Park of India (STPI), an autonomous society under the Ministry of Communication and Information Technology, Dept. of Electronics and Information Technology, Govt. of India has been set up with a distinct focus to boost up Software export from the country. STPI is constantly working with an objective to implement STP/EHTP scheme formulated by Govt. of India, to set up and manage infrastructural facilities.

Why Non STPI registration is required? What is the rationale beyond SOFTEX form?

When physical goods are exported, they pass through the Customs Office. Whereas when the Software is exported, it goes through media or internet (data communication links). So, in order to track the export of software, Reserve Bank of India (RBI) announced the issue and submission of SOFTEX forms. STPI is the administrative authority for software export valuation and certification of SOFTEX form, in place of Customs. As per RBI circular dated 13th September 2013, the exporters of software will have to declare all the export transactions in SOFTEX, including those less than US$25000. This means, all companies exporting software, irrespective of the value, have to register as Non STPI unit, file SOFTEX forms.

We at GrowUp Accounting Solutions, help the entities to obtain new registration, filing of SOFTEX form, etc. Our team is well versed with STPI and Non STPI matters. In case, you need these services, we would be glad to assist you. Please write to support@growupaccountingsolutions.com or call us @ +91-8197971193 / +91-8217422835