Income tax & Service tax exemtions under registration STPI, Income Tax

[p parthiban]

 

Dear Sir ,

I am doing the software development business in india as a proprietor and  I have received the job from USA and I have to issue the bill & I got the US Dollar

And I have not  to registered In STPI

My question is

1. Suppoese I have registered in STPI   then Income tax & service tax  will be exempted ?

2. STPI Scheme still available or This scheme closed As Yr : 2010 ?

3.  if Available STPI scheme what is time Limit ?

Pls clarify as soon as possible .

Posts / Replies

[Pradeep Khatri]

This STPI Scheme has been extended for one more year.  If you get yourself registered with STPI Unit, then, you may avail the benefits such as exemption levy of service tax, CST Reimbursement, procurement of got ods and software without payment of VAT/Excise/Customs Duty and exemption from Income Tax.

You would have to get yourself registered with Development Commissioner of the Jurisdictional STPI/ Excise Department/VAT Department and Income Tax Department.

[p parthiban]

Thank  u sir.