26 February 2009
A software company exports its software,for this they will get exemption under 10A & 10B.They had to file SOFTEX forms to STPI within 21 days after raising the invoice as a liability towards their Export.If they fail to file the required forms within the time and additional time also,whether there is any Denial in the exemptions provided to them?
26 February 2009
In that case they need to take prior approval from RBI for submission of SOFTEX. After getting the approval submit the SOFTEX to STPI get the SOFTEX approved. Submit the approved SOFTEX to banker for remittence.
02 March 2009
ok chetan soni ji thank you but i want to know another point from this that if they fail to submit (except approval case),they cannot be taxed! by denying the exemption which they are availing?
CAclubindia
