What is the meaning of STPI?
Software Technology Parks of India
Software Technology Parks of India was set up in 1991 as an autonomous society under the Ministry of Electronics and Information Technology (MeitY). STPI’s main objective has been the promotion of software exports from the country.
What is the role of STPI?
To Establish and manage the infrastructural resources such as integrated infrastructure including International communication / Data center / Incubating facilities etc. for 100% export oriented units and to render similar services to the users other than exporters.
What are the benefits of STPI?
What are the key benefits of STPI scheme?
- 100% Income Tax Holiday as per section 10A of the IT Act.
- 100% Customs duty exemption on imports.
- 100% excise duty exemption on indigenous procurement.
- Central Sales Tax reimbursement on indigenous purchases.
- Green card enabling priority treatment for Government clearances.
What is STPI scheme?
Introduction. Software Technology Parks of India (STPI) is a society established in 1991 by the Indian Ministry of Electronics and Information Technology with the objective of encouraging, promoting, and boosting the export of software from India. It has two units i.e. Non – STP Unit and STP Unit.
What is STPI and non STPI?
STPI registration criteria are- An Indian Company or A subsidiary of a Foreign Company or A branch office of a Foreign Company is eligible to become STP unit. Non-STPI registration criteria are- Any form of an entity can obtain Non-STPI registration.
What is non STPI?
Non STPI registration is required for all entities that want to export some form of software outside India. Such form of registration is required when companies want to export some form of software from the country. When goods are exported from India they would pass through normal customs.
Is STPI govt or private?
Software Technology Parks of India (STPI) is an autonomous society under the Ministry of Electronics & Information Technology, Government of India, established in 1991, with a mandate to promote software exports from the country.
Which service is provided by STPI?
The services rendered by STPI for the software exporting community have been statutory services, data communications services, incubation facilities, training and value-added services. STPI has played a key developmental role in the promotion of software exports with a special focus on SMEs and startup units.
Is STPI registration compulsory?
Export of IT/ITES Registration under STPI as a NON-STP unit is mandatory for any company who does IT/ITES exports through Data communication links.
What is STPI registration?
Anybody or entity that wants to start a technology park for companies would have to go for STPI Registration. STPI is an abbreviation for software technology parks of India. This registration is crucial to carry out the license for technology parks in India.
Who can register as non STPI?
All Private Limited Companies / Public Limited Companies / Proprietorship / Partnerships / One Person Company /LLP’s, which are into the development of Export-oriented Computer Software/IT Enabled Services, can register themselves as NON-STPI unit under STPI to avail Softex certification.
What is SEZ and STPI?
2. The Government of India introduced Special Economic Zone (“SEZ”) and Software Technology Parks of India (“STPI”) schemes with the objective of providing internationally competitive and hassle free environment for earning foreign exchange, attracting foreign direct investment, generation of employment in India.
How many STPI Centres are there in India?
62 centres
STPI has expanded its presence pan-India since its inception in 1991 with 3 centres to disperse tech-driven entrepreneurship to Tier-II/III cities. Today, STPI has 62 centres of which 54 centres are in Tier-II/III cities.
What is the difference between STPI and non-STPI registration?
An Indian Company or A subsidiary of a Foreign Company or A branch office of a Foreign Company is eligible to become STP unit. Any form of an entity can obtain Non-STPI registration. However, such entity should have some form of software which can be exported outside India.
Who can register as non-STPI?
How many STPI are there in India?
At present, a total of 60 STPI centres/sub-centres are operational across the country, out of which 51 centres are in Tier II and Tier III cities.
Why is STPI registration required?
STPI registration benefits are listed hereunder- No import duty or customs duty. Unit can secure 100% FDI (Foreign Direct Investment) through the automatic route. Income tax and other Government schemes benefits.
How do I get a STPI certificate?
Documents for Software Technology Park Unit (STPI)
- Application form.
- Certificate of Incorporation in case of the Company.
- Articles of Association and Memorandum of Association (AOA and MOA)
- Monthly Reports, Quarterly Reports and Annual Performance Reports.
- Workings related to profit and loss accounts.
How do I register with STPI?
STPI Registration Procedure and Services
- Need to submit an application form in a prescribed manner.
- Need to submit legal documents like Memorandum of Association and Article of Association.
- Submit the details about board of members and name of directors to the same STPI authority.
Is it mandatory to register under STPI?