Software Technology Parks of India (STPI) Related Consultancy Services


In the globally emerging economy, Information Technology is considered the largest and the fastest growing and most profitable industry. Identifying IT as the future for India and its huge potential, the Indian Government announced a software policy in the year 1986 making “Software, Exports, Development & Training” as a major thrust area for which the Government composed the STP Scheme covering facts like simplifications and rationalization of procedures. The Indian Government established and registered STPI as an Autonomous Society under the Department of Electronics (Now Ministry of Information Technology) on 5th June 1991 with an intention to implement the STP Scheme, set-up and manage the infrastructural facilities and provide other services including training to professional.

The Software Technology Park Scheme (under The Ministry of Communication and Information Technology, Government of India) is a 100% Export Oriented Scheme for undertaking Software Development/IT enabled services for Export using Data Communication links or in the form of physical exports including export of professional services for providing consultancy services and development of software.


  • 100% exemption on customs duty for imports of capital equipments
  • Equipment can also be imported on loan or lease basis
  • All relevant equipment/goods including second hand equipment can be imported (except prohibited items)
  • 100% excise duty exemption on indigenous items attainment.
  • Central Sales Tax reimbursement on indigenous items procurement
  • Green card enabling priority treatment for government clearances / other services
  • 100% Foreign Direct Investment permissible through 'Automatic Route' of RBI
  • Sales in the DTA (Domestic Tariff Area) up to 50% of the foreign exchange earned by the STP/EHTP unit
  • Over a period of five years, 100% Depreciation on capital goods
  • Software units may also use the computer system for training purpose (including commercial training)

STATUTORY PROCEDURES: The following are the statutory procedures to be followed by the STP units in India.


  • Statutory Reports for STP Units
  • Statutory Compliance for STP Units


  • Monthly Progress Reports (MPR) & Quarterly Progress Reports (QPR): Monthly and Quarterly Progress Reports are required to be submitted by all units by 7th of a month on completion of previous month and by 10th of a month on completion of previous quarter respectively in the prescribed format. It is a mandatory requirement and units which are irregular in submitting MPRs & QRs can be denied services of STPI.
  • Annual Performance Reports(APR): As per the prescribed format, Yearly performance report should be submitted.


  • ACCOUNTS- DISTINCT IDENTITY: If an industrial enterprise is operating both as a domestic unit as well as an EHTP/STP unit, it shall have two different identities with separate accounts, including separate bank accounts. However, it is not necessary for it to be a separate legal entity, but it should be possible to distinguish the imports and exports or supplies affected by the EHTP/STP units from those made by the other units of the enterprise. Maintain the accounts as under:
    • Maintenances of Fixed Asset Registers.
    • Maintenance of Foreign Inward Remittance Certificate file (FIRC) & Bank Realization Certificate (BRC) file where the original of the FIRCs and BRCs are kept.
    • Maintenance of contract file, where copies of contracts received from buyers are maintained.
    • Maintenance of Sales Invoices.
  • BANKING PROCEDURE: The following procedures are involved in maintaining a banking account for an STP unit.
    • Separate Bank account should be maintained for each unit.
    • Even though a unit is allowed to join as many bank accounts as needed, it shall assign a single branch of the selected bank in order to carry out the transactions of the unit.
    • Submission of all export and shipping documents and the realization of all export proceedings will be done through the designated branch.

What Rajput Jain & Associates Offers

We provide services for registration, statutory compliance, Accounting and banking facilitation to avail the advantages of STPI Scheme.


Team of Highly Qualified Consultants (CA, CS, Finance Experts) having more than 17 years of experience in the relevant field

Free Services

Knowledge Sharing
Media Centers

Silver Package

Basic Overview and reply on the Query (Over call and written response)
(one time)

Rs. 10,000/-

Gold Package

Overview of Query, along with Specific Consultancy
(Multiple times)
(upto 15 days period)

Rs. 15,000/-

Diamond Package

Query Specific Consultancy, along with comprehensive written response to all the queries
(Multiple times)
(upto 90 days period)

Rs. 25,000/-

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Rajput Jain & Associates

India's Largest Business Services Platform

Rajput Jain and Associates is the largest online service platform in India which provides easy solutions in starting their new business at affordable cost. We aim at helping the entrepreneurs at every legal and regulatory step. We stay as your partner during entire business cycle and ensure that the business keeps prospering and remains complaint.

Rajput Jain and Associates is a network of experienced chartered accountants, lawyers, company secretaries, cost accountants, financial experts, expert bankers all over India to provide the needed services for small and medium size enterprises.

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AITC (Association of International Tax Consultants)

We are the exclusive member in India of the Association of International Tax Consultants, an association of independent professional firms represented throughout Europe, US, Canada, South Africa, Australia and Asia.


Enquire Us

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  • Thank you very much for all your help in setting up my new company and clearing up all outstanding business in my sole trader accounts. For the first time in years I have peace of mind regards my business accounts. Your workforce are a credit to you, the girls at reception are so helpful and Chris has been brilliant. It is very much appreciated.

    A US consultancy group

  • Rajput Jain & Associates. are a tremendous value added to me as an executive and a busy parent. It just makes sense to delegate my tax file to them -- they are proactive, extremely service oriented, and most importantly, I am completely confident they are finding every dollar of tax savings available to me.

    A Leading Service Provider

  • We use Rajput Jain & Associates for all our accounting, Corporation tax, VAT and other compliance needs. The service is professional, courteous and prompt. I would recommend Rajput Jain & Associates to any company requiring a comprehensive accounting and tax service.

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Rajput Jain & Associates

Add: P-60, Connaught Circus, Connaught Place, New Delhi-110001


Phone: 9555555480

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The information contained on this website merely provides details of our firm to persons who have shown interest in knowing more about us and is not intended to solicit work or advertise our capabilities in any manner. The information provided on this website is general in nature and should not be used as a basis of decision-making without further professional advice. The third party site links are only provided for ready reference of the users and CA Rajput Jain & Associates neither controls their content nor undertakes any responsibility regarding them.

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