Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

Are you exporting IT or IT-enabled services you cannot ignore SOFTEX Compliance.

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Are you exporting IT or IT-enabled services you cannot ignore SOFTEX Compliance.
By: - Pradeep Reddy
Income Tax
Dated:- 18-3-2025

Are you exporting IT or IT-enabled services you cannot ignore 𝗦𝗢𝗙𝗧𝗘𝗫 𝗖𝗢𝗠𝗣𝗟𝗜𝗔𝗡𝗖𝗘. 💻📄 (Missing it could mean pe .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

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

→ Full Text of the Document

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

→ Full Text of the Document

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

→ Full Text of the Document

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

→ Full Text of the Document

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. Not sure where to start? Let's connect! 😊 See my bio for the ways to connect. Reply By YAGAY andSUN as = The article is excellently drafted, clear, and concise Dated: 18-3-2025
Schola .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

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

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates