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STPI Performance Reports in Chennai

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STPI:

            Software Technology Parks of India (STPI) is an autonomous body which comes under the (MEITY) Government of India which establish in 1991, To develop the export of software and IT-enabled services from India. STPI provides a robust platform for IT/ITES companies by offering high-quality infrastructure, reliable communication facilities, and compliance support to boost the export ecosystem.

         The STPI scheme enables companies to set up bonded software development and export units with benefits such as duty-free import of capital goods, single-window clearances, and access to international quality infrastructure. To ensure transparency and monitor performance, STPI mandates registered units to file Monthly, Quarterly, and Annual Performance Reports, along with SOFTEX filings under RBI guidelines.

         These reports track foreign exchange earnings, export invoices, and domestic sales, forming the basis for bonding renewal and compliance certifications. STPI’s objective is to position India as a global hub for software development and IT services by providing policy support, fiscal incentives, and cutting-edge facilities.

        By partnering with experts for STPI compliance, companies can focus on core operations while ensuring 100% adherence to statutory requirements.

Performance Reports are Mandatory for STPI Registered Units:

               For every STPI-registered unit, submitting Performance Reports is a mandatory compliance requirement under the STPI and RBI guidelines. These reports—Monthly, Quarterly, and Annual—capture key details such as software exports, SOFTEX filings, foreign exchange earnings, and employment data. Timely filing ensures smooth bonding renewal and continued access to STPI benefits like duty-free imports and fiscal incentives. Failure to comply can result in penalties, bonding delays, and loss of privileges. To stay compliant and avoid risks, many companies rely on expert assistance for accurate and on-time submissions of STPI performance reports.

Importance of compliance for IT/ITES companies:

             Compliance is vital for IT/ITES companies to maintain legal, financial, and operational integrity. Regulatory requirements such as STPI reporting, SOFTEX filing, GST, and labor law compliance ensure transparency and adherence to government norms. Timely compliance helps companies avoid penalties, legal complications, and loss of benefits like duty exemptions and bonding approvals. It also enhances credibility with clients and stakeholders, which is crucial in a globally competitive market. By ensuring accurate and timely filings, IT/ITES firms can focus on growth and service delivery while mitigating risks. Outsourcing compliance to experts ensures accuracy, efficiency, and uninterrupted business operations.

STPI Performance Report:

             The STPI Performance Report is a mandatory compliance requirement for all STPI-registered IT/ITES units engaged in software exports. It is submitted on a monthly, quarterly, and annual basis to monitor export performance, foreign exchange inflows, and operational compliance. The primary objective of these reports is to ensure transparency, verify adherence to RBI and STPI guidelines, and calculate Net Foreign Exchange (NFE) earnings for bonding renewals. Timely submission of these reports helps companies maintain STPI benefits, avoid penalties, and ensure smooth audits. Failure to comply can lead to legal complications and loss of fiscal incentives under the STPI scheme.

Who Should File? (IT, ITES, Software Export Companies):

          All units registered under the Software Technology Parks of India (STPI) scheme must file performance reports. This includes IT and ITES companies, software development firms, BPO/KPO service providers, and other organizations engaged in software exports from India. Filing of Monthly, Quarterly, and Annual Performance Reports is mandatory for these entities to comply with STPI and RBI guidelines. These reports help monitor export activities, foreign exchange inflows, and operational compliance. Even if there are no exports in a particular period, NIL reports must be submitted to maintain STPI status and ensure uninterrupted benefits under the scheme.

Types of STPI Performance Reports:

    • Monthly Performance Report (MPR)

    • Quarterly Performance Report (QPR)

    • Annual Performance Report (APR)

Monthly Performance Report (MPR):

    • Purpose: To report software export performance for the previous month.

    • Due Date: 10th of every month.

    • Details Required:

    • Export invoice details (number, date, value).

    • SOFTEX endorsement status.

    • Foreign Inward Remittance details (FIRC/BRC).

    • Importance: Helps monitor foreign exchange earnings and maintain compliance.

    • Penalty: Delay can affect STPI bonding renewal and attract penalties.

Quarterly Performance Report (QPR):

    • Purpose: Consolidates export and compliance details for the quarter.

    • Due Date: Within 30 days of each quarter-end.

    • Details Required:

    • Export turnover during the quarter.

    • Domestic sales (DTA).

    • Employment details and investment status.

    • Importance: Provides STPI with consolidated performance data and ensures smooth audits.

    • Penalty: Non-submission can affect compliance and bonding renewal.

Annual Performance Report (APR):

    • Purpose: Summarizes performance for the entire financial year.

    • Due Date: 30th April every year.

    • Who Files: All STPI-registered software export units.

    • Details Required:

    • Total exports and imports.

    • Domestic Tariff Area (DTA) sales.

    • Net Foreign Exchange (NFE) earnings.

    • Importance: Mandatory for bonding renewal and calculation of STPI service charges.

    • Penalty: Delay can result in penalties and loss of STPI benefits.

   Showing the differences between MPR, QPR, and APR services (specific to STPI / SOFTEX filing):

Parameter MPR (Monthly Performance Report) QPR (Quarterly Performance Report) APR (Annual Performance Report)
Frequency Every Month Every Quarter (3 months) Once a Year
Coverage Period 1 month 3 months Full Financial Year
Due Date By 7th of next month By 15th of next quarter By 30th June (following FY)
Purpose Monitor monthly exports & activities Assess quarterly performance trends Consolidate annual exports & growth
Data Required Invoice details, forex realization MPR summary for 3 months Consolidated data from all QPRs & invoices
STPI Units Mandatory Mandatory Mandatory
Non-STPI Units Not applicable Not applicable Not applicable
Regulatory Body STPI STPI STPI
Penalty for Delay May impact future approvals Compliance risk Compliance risk

Why Timely Compliances Matter:

Avoid Penalties – Delays can result in monetary fines or cancellation of benefits.

Maintain STPI Status – Non-compliance may lead to suspension of approvals.

 Smooth Customs Clearance – Ensures no issues in SOFTEX certification and forex realization.

Hassle-Free Renewals – STPI approvals and other registrations depend on compliance history.

How Pathfinder Payroll Solutions Helps Your Business Stay Compliant:

            We ensure that your STPI and RBI-related compliances are handled with precision and timeliness with pathfinder payroll solutions:

        Our Services     Why It Matters
 Monthly, Quarterly & Annual Report     Filing (MPR/QPR/APR) Avoid penalties and maintain seamless STPI compliance.
 SOFTEX Declaration & Endorsement Ensures RBI regulations for export documentation are met without delays.
 Documentation Support Complete assistance in preparing and verifying documents to prevent errors.
 100% Compliance Assurance Stay stress-free as we handle all STPI and RBI requirements on time.

FINAL THOUGHT:

         Timely STPI reporting is essential for software exporters to ensure compliance with statutory requirements and maintain uninterrupted business operations. STPI-registered units must file Monthly Performance Reports (MPR), Quarterly Performance Reports (QPR), and Annual Performance Reports (APR) within the prescribed deadlines. These reports provide details of export transactions, forex realization, and overall business performance. Delayed or incorrect filings can lead to penalties, compliance risks, and even affect SOFTEX Certification, which is mandatory for export proceeds realization under RBI norms. Regular and accurate reporting not only helps avoid legal complications but also enhances credibility with regulatory authorities and supports smooth business growth.

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