The Software Technology Park (STP) scheme establishes infrastructure and provides benefits to support the development and export of computer software and services. The objectives are to create resources like data communication and office space, promote software exports through market research and support, and provide approvals and certifications. Companies setting up an STP unit receive tax exemptions on 90% of export earnings, full customs duty exemption on imports, and exemption from octroi and entry duty.
The Software Technology Park (STP) scheme establishes infrastructure and provides benefits to support the development and export of computer software and services. The objectives are to create resources like data communication and office space, promote software exports through market research and support, and provide approvals and certifications. Companies setting up an STP unit receive tax exemptions on 90% of export earnings, full customs duty exemption on imports, and exemption from octroi and entry duty.
The Software Technology Park (STP) scheme establishes infrastructure and provides benefits to support the development and export of computer software and services. The objectives are to create resources like data communication and office space, promote software exports through market research and support, and provide approvals and certifications. Companies setting up an STP unit receive tax exemptions on 90% of export earnings, full customs duty exemption on imports, and exemption from octroi and entry duty.
scheme is a 100% export oriented scheme for the development and export of computer software & services using data communication links or in the form of physical media including the export of professional services. OBJECTIVES OF SOFTWARE TECHNOLOGY PARKS OF INDIA
To establish and manage infrastructure resources such as Data
Communication facilities, Core Computer facilities, Built-up space and other common amenities.
To promote development and export of software services through
technology assessments, market analyses, market segmentation and marketing support
To provide ‘single window’ statutory services such as Project approvals,
import certification software valuation and certification of exports for software exporters. STP SCHEME BENIFITS
A company can set up STP unit anywhere in India.
Corporate tax exemption on 90% export turnover as