Stay Export-Ready with Expert NSTP Registration Services
Starting your software export journey? If you're not planning to register under STPI but still want to stay compliant with RBI’s guidelines on foreign exchange reporting, NSTP registration is a must.
NSTP (Non-STPI) registration is ideal for IT and software service providers that don’t operate under the STPI scheme but still export software and services. While the compliance requirements are lighter, the responsibilities still matter. Foreign exchange reporting, client invoicing, and periodic submissions to RBI-authorised banks need to be handled the right way, and that’s where we step in.
At SOFTEX Consultancy Services LLP, we simplify non-STPI registration so that your backend stays clean and your business keeps moving forward. We help you navigate the paperwork, timelines, and coordination with authorised dealer (AD) banks without making it feel like a chore. Our NSTP registration services are built to save you time, avoid costly mistakes, and give you clarity throughout the compliance process.
Why NSTP Registration Still Matters
Just because you're not under STPI doesn’t mean you're out of scope. RBI requires all software exports, whether physical or cloud-based, to be declared through the right channels. For NSTP-registered entities, this happens via AD banks and SOFTEX forms.
Missing out on reporting or filing inconsistencies can trigger audits, foreign exchange issues, and delayed payments. Our job as your compliance partner is to make sure that doesn’t happen.
From documentation and follow-ups to handling clarifications from the bank, we take care of it all. We also help you understand what goes into each step, so you're never left guessing.
Frequently Asked Questions
1. What is NSTP or Non-STPI registration?
2. Do I need NSTP registration to export software?
Yes. Even if you're not under STPI, RBI mandates that software exports be reported through authorised dealer (AD) banks using SOFTEX forms, making NSTP registration essential.
3. Who should apply for NSTP registration?
Any IT or software company exporting services, whether SaaS, cloud, or custom solutions, and not registered with STPI should go for NSTP registration.
4. How is NSTP registration different from STPI?
STPI offers tax incentives and is more compliance-heavy. NSTP is lighter in regulation but still requires timely reporting to stay RBI-compliant.
5. What happens if I don’t register?
Failure to register and report exports properly can lead to compliance issues, delays in foreign remittance, and problems during audits.
6. How can your firm help with NSTP registration?
We provide end-to-end NSTP registration services, from documentation and coordination with banks to SOFTEX filing and follow-ups, so that you stay compliant without the hassle.
7. Is there a timeline to file SOFTEX forms under NSTP?
Yes. Ideally, SOFTEX forms should be filed within 30 days of invoice generation. Delays may attract scrutiny or require additional clarifications from banks.
8. Can freelancers or solo consultants apply for NSTP registration?
Yes, if you're receiving foreign payments for software services, you're still required to comply with SOFTEX filing norms, even as an individual or freelancer.