STPI Registration
STPI Registration is required for businesses that want to operate under the Software Technology Parks of India (STPI) scheme, governed by the Ministry of Electronics and Information Technology (MeitY). This scheme is designed to promote software exports and IT-enabled services (ITeS) by offering tax benefits and infrastructure support.
Benefits of STPI Registration
- 100% Tax Exemptions: Exemption on export profits under the Income Tax Act (Section 10A, as per applicable policies).
- Import Duty Waiver: Duty-free import of capital goods, hardware, and software.
- 100% Foreign Direct Investment (FDI) allowed under the automatic route.
- Single Window Clearance for statutory and regulatory approvals.
- Infrastructure Support: Access to high-speed internet, incubation facilities, and reliable IT infrastructure.
Eligibility for STPI Registration
- IT, software development, and IT-enabled services (ITeS) companies.
- Businesses exporting software and IT services.
Procedure for STPI Registration
- Apply Online: Submit the application form along with necessary documents (like project report, incorporation certificate, etc.).
- Approval and Agreement: After scrutiny, the business signs a legal agreement with STPI.
- Issue of STPI Registration Certificate: Upon successful verification, the company receives the STPI registration.
- This registration helps IT companies enhance exports, reduce operational costs, and access tax incentives.
Documents Required for STPI (Software Technology Parks of India) Registration
- Certificate of Incorporation (for companies).
- PAN Card of the business.
- GST Registration Certificate (if applicable).
- Business Address Proof (Utility Bills, Lease Agreement).
- Photographs (of the applicant or authorized signatory).
- NOC from Local Authorities (if the business premises are rented).
- Details of Software Products/Services offered.
- Project Plan (for specific software and IT-related businesses).