The law desk
DIVESH SHARMA
11 Years Exp
Software Technology Parks (Show More)
Jaipur , Arjun Lal Sethi Nagar
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Information
Overview
Software Technology Parks (STPs)
The Software Technology Park (STP) scheme is for providing facilities to IT industry for undertaking software development and IT enabled services for 100% exports using data communication links in the form of physical exports including export of professional services. Individual units can also be allowed to do business in the domestic (Indian) market up to 50% of the exports. STP units can also undertake commercial training. STP units also regulate the IT business through licensing, acting as a link between the customer and Government authorities and agencies. Under the scheme, IT industries are provided certain concession in duties, levies and taxes.
Following can become a STP member :
An Indian company
A subsidiary of foreign company
A branch office of foreign company
STP units can avail of following advantages under STP scheme :
Custom duty exemption
Excise duty exemption
Central Sales Tax reimbursement
Corporate tax exemption on 90% export turnover as per Section 10A of Income Tax Act.
Sales in Domestic Tariff Area (DTA) upto 50% of the FOB value of exports permissible.
Bank certificate
Software industry being a non-polluting industry can be set up in any location by taking approval. The STP unit can be an individual unit by itself or it can be one such unit located in an area designated as STP complex. Surely the location can be changed but with prior approval from STPI.
The obligations on units under the STP Scheme are
Development of IT Software/ Electronic Hardware for Exports.
Rendering IT enabled services for software exports.
Execution of Onsite Consultancy projects at customer site abroad.
Entities who can set up a unit are :
Central Government Undertaking.
State Government Undertaking.
State Industrial Development Investment Corporation.
Cooperative Undertaking.
Joint Sector Undertaking.
Assisted Sector Undertaking.
Private Sector Undertaking.
Individual Promoter/Partnership.
Conversion from DTA Unit to STP.
Conversion from EoU to STP.
Requirements
In order to become a certified member unit under STP scheme, approval from the competent authority i.e. Director, STPI-Mumbai is required.
Following documents are required for obtaining approval :
Gist of application
Application in triplicate
Project report
Board resolution
Memorandum or Articles of association
Export order / contract or MOU
List of Directors
Importer - Exporter code number
Proof of STP location premises ( e.g. Leave and licence)
Valid data communication proof (e.g. Receipt of payment, service acceptance letter)
Duration
The duration of the service depends on the work and hence our representative shall fix the time line when you are contacted.
Price
The Consultation charge for this service is Rs. 25000/- Only
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Name : DIVESH SHARMA
Law Firm Name : The law desk
Country : India
City : Jaipur
State : RAJASTHAN
Practicing Since: 2014
About Your Firm : THE LAW DESK is a law firm growing in the Northern – West part of India, which delivers its best of services in matter of trust, efficiency, and satisfaction, to its clients of various sectors. We believe that we grow with the growing satisfaction of our clients in the work they entrust us. This leads us to make further developments and explorations in different avenues of law. We believe in professionalism and with this zeal we follow the ethics of profession and deliver best form ours to the clients. To be the Preferred Law Firm for our clients and take that relationship forward by making ourselves deserving enough to be their advisors and not just a law firm for their various deals. The members of the Firm are qualified from well established Universities and have extensive and rich legal experience and wide national exposure in their respective practice areas. The experience of associates and depth of their expertise combined with an unlimited desire, enthusiasm and energy to serve, has enabled us to effectively and efficiently resolve the clients’ problems and to suggest practical solutions for their complex legal issues. The Firm’s prime concern is “Client Satisfaction” and it is the backbone of its work culture and the Firm takes great pride in consistently adopting the highest professional standards for clients’ satisfaction. We believe that our path to success is more likely to be found when clients have an access to quality guidance along the way in their matters. Considering crucial needs of the clients, as a sense of responsibility we take personal interest in the all-dimensional success of the clients’ concerns. Our commitment to clients for communicative, responsive, value-added, dedicated and focused attitude in their matters along with cost consciousness and commercially pragmatic in our advice and assistance makes us a different and unique law firm in North Western part of India. To maintain this excellence of service to our clients, the Firm strives to recruit, train and retain lawyers and staff of the highest caliber and professionalism. Due to its good working relations with a number of lawyers and law firms in other jurisdictions ensures ready access to formal legal advice in other jurisdictions whenever needed. The Firm is committed to provide a wide range of legal services, both inbound and outbound, covering the requirements of corporate and individual clients in a timely and a cost-effective manner. We understand the value of client’s trust and are keen to respond as per their expectations. We believe in the ideology that a healthy mind resides in a healthy body and only healthy body can delivers good result but we also know that Health is not valued till sickness comes. In order to stay fit and healthy we keep a strict watch on our working habits and follow step counts on daily basis as a part of our working style. We believe that work can only be efficient if our firm is efficient and healthy.
| Sr Employee Associated | Sr Employee Enrollment/Reg.No | Sr Employee Enrollment/Reg.State |
|---|---|---|
| Prateek Kasliwal | (R/1570/2003) | Rajasthan |
| Jr Employee Associated | Jr Employee Enrollment/Reg.No | Jr Employee Enrollment/Reg.State |
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