𝗦𝗼, 𝘄𝗵𝗮𝘁’𝘀 𝘁𝗵𝗲 𝗱𝗲𝗮𝗹 𝘄𝗶𝘁𝗵 𝗦𝗼𝗳𝘁𝗲𝘅 𝗙𝗼𝗿𝗺𝘀?
They’re mandatory for 𝗔𝗟𝗟 𝗲𝘅𝗽𝗼𝗿𝘁𝗲𝗿𝘀 of IT and IT-enabled services. That includes:
🏢 Big companies
🏠 Small businesses
👨💻 Even proprietorships
𝗪𝗵𝘆 𝗱𝗼𝗲𝘀 𝘁𝗵𝗶𝘀 𝗺𝗮𝘁𝘁𝗲𝗿? Staying compliant gets you:
✔ Proof of your IT or ITES exports ✅
✔ Smooth access to Bank Realisation Certificates (BRCs) 🏦
✔ Faster GST refunds 💸
𝗔𝗻𝗱 𝗶𝗳 𝘆𝗼𝘂 𝗱𝗼𝗻’𝘁?
❌ Penalties under FEMA
❌ Endless waits for GST refunds
𝗛𝗲𝗿𝗲’𝘀 𝘄𝗵𝗮𝘁 𝘆𝗼𝘂 𝗻𝗲𝗲𝗱 𝘁𝗼 𝗱𝗼:
1️⃣ Register with STPI as a non-STP unit (if you aren’t already).
2️⃣ File these reports regularly:
📝 Softex Forms
📊 Monthly Performance Report (MPR)
📑 Service Export Reporting Form (SERF)
📅 Annual Performance Report (APR)
Compliance might not be as thrilling as your favorite Netflix binge 🎬, but it’s the unsung hero keeping your business drama-free.
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