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TMI BlogAre you exporting IT or IT-enabled services you cannot ignore SOFTEX Compliance.X X X X Extracts X X X X X X X X Extracts X X X X ..... Are you exporting IT or IT-enabled services you cannot ignore SOFTEX Compliance. X X X X Extracts X X X X X X X X Extracts X X X X ..... nalties under FEMA ⚠️ and delayed GST refunds 🕒-nobody wants that, right?) 𝗦𝗼, 𝘄𝗵𝗮𝘁'𝘀 𝘁𝗵𝗲 𝗱𝗲𝗮𝗹 𝘄𝗶𝘁𝗵 𝗦𝗼𝗳𝘁𝗲𝘅 𝗙𝗼𝗿𝗺𝘀? They're mandatory for 𝗔 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 𝗟𝗟 𝗲𝘅𝗽𝗼𝗿𝘁𝗲𝗿𝘀 of IT and IT-enabled services. That includes: 🏢 Big companies 🏠 Small businesses 👨💻 Even proprietorships 𝗪𝗵𝘆 𝗱𝗼𝗲𝘀 𝘁𝗵𝗶𝘀 𝗺𝗮𝘁𝘁𝗲ҳ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 19;? 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 𝗛 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 6;𝗿𝗲'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 Report ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ing 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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The article is excellently drafted, clear, and concise
Dated: 18-3-2025 X X X X Extracts X X X X X X X X Extracts X X X X ..... rly articles for knowledge sharing by authors, experts, professionals ..... X X X X Extracts X X X X X X X X Extracts X X X X
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