Reserve Bank of India vide APDIR Circular No. 80 dated 15 February, 2012 simplified and revised the procedure for filing of SOFTEX Forms with Software Technology Parks of India (STPI) towards the export of software services. Initially this simplied procedure of filing of SOFTEX Forms shall be applicable for STPI units located under the jurisdiction of STPI Bangalore, Pune, Mumbai, Hyderabad and Chennai effective from 1st April, 2012. As per this circular, a software exporter having turn over of at least Rs. 1000 Crore or the Companies who are filing 600 softex forms annually are required to file the SOFTEX Forms within 30 days from the close of the month in which the invoice was raised are required to file a statement in EXCEL Format as per the details given in the Annexure to that circular.
This was really a welcome move by RBI.
http://www.rbi.org.in/scripts/NotificationUser.aspx?Id=7009&Mode=0
This was really a welcome move by RBI.
http://www.rbi.org.in/scripts/NotificationUser.aspx?Id=7009&Mode=0
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