Income tax & Service tax exemtions under registration STPI

[p parthiban]

 

Dear Sir ,

I am doing the software development business in india as a proprietor and  I have received the job from USA and I have to issue the bill & I got the US Dollar

And I have not  to registered In STPI

My question is

1. Suppoese I have registered in STPI   then Income tax & service tax  will be exempted ?

2. STPI Scheme still available or This scheme closed As Yr : 2010 ?

3.  if Available STPI scheme what is time Limit ?

Pls clarify as soon as possible .

AI Summary

STPI registration benefits include service tax and income tax exemptions plus duty waivers for registered software exporters.
Registration under the STPI scheme allows eligible software exporters to claim service tax and income tax exemptions, central sales tax reimbursement, and procure goods and software without payment of VAT, excise or customs duties, subject to registration with the STPI unit and compliance with filings or registrations before the Development Commissioner and relevant excise/VAT and income tax authorities.