TaxTMI 
TaxTMI 
TaxTMI 
Are you exporting IT or IT-enabled services you cannot ignore 𝗦𝗢𝗙𝗧𝗘𝗫 𝗖𝗢𝗠𝗣𝗟𝗜𝗔𝗡𝗖𝗘.
💻📄 (Missing it could mean penalties under FEMA ⚠️ and delayed GST refunds 🕒—nobody wants that, right?)
𝗦𝗼, 𝘄𝗵𝗮𝘁’𝘀 𝘁𝗵𝗲 𝗱𝗲𝗮𝗹 𝘄𝗶𝘁𝗵 𝗦𝗼𝗳𝘁𝗲𝘅 𝗙𝗼𝗿𝗺𝘀?
They’re mandatory for 𝗔𝗟𝗟 𝗲𝘅𝗽𝗼𝗿𝘁𝗲𝗿𝘀 of IT and IT-enabled services. That includes:
🏢 Big companies
🏠 Small businesses
👨💻 Even proprietorships
𝗪𝗵𝘆 𝗱𝗼𝗲𝘀 𝘁𝗵𝗶𝘀 𝗺𝗮𝘁𝘁𝗲𝗿? 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
𝗛𝗲𝗿𝗲’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 Reporting 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.
Are you exporting IT or IT-enabled services you cannot ignore SOFTEX Compliance.
Unnathi Partners Private Ltd
IT Exporters Must Follow SOFTEX Compliance to Avoid FEMA Penalties and GST Refund Delays Exporters of IT and IT-enabled services must adhere to SOFTEX compliance to avoid penalties under FEMA and delays in GST refunds. Compliance is mandatory for all businesses, including large corporations, small enterprises, and sole proprietorships. Benefits of compliance include proof of exports, easier access to Bank Realisation Certificates, and quicker GST refunds. Non-compliance risks include penalties and prolonged GST refund waits. To comply, businesses should register with STPI as non-STP units and regularly file reports such as Softex Forms, Monthly Performance Reports, Service Export Reporting Forms, and Annual Performance Reports. Compliance ensures smooth business operations. (AI Summary)