What is TCS STP?

The Software Technology Park (STP) scheme is a 100\% Export Oriented Scheme for the development and export of computer software using data communication links or in the form of physical media including the export of professional services. STP Unit Benefits: 1.

Is STPI same as SEZ?

The Major Differences. Location: STPI units can set up operations in any location in the country. SEZ units are restricted to a designated area.

Who can become STP unit?

STPs can be set up by the Central Government, State Government, Public or Private Sector Undertakings or any combination thereof. An STP may be an individual unit by itself or it may be one of such units located in an area designated as STP Complex by the Ministry of Information Technology.

What is employee category STP?

STP simply stands for Single Touch Payroll, this is a new scheme of reporting introduced by the ATO as of this financial year. We see STP as a way for the ATO to improve reporting accuracy and to protect employee entitlements at the same time.

What is STP in export?

Software Technology Parks (STPs) are export oriented projects catering to the needs of software development for exports. STPs can be set up by the Central Government, State Government, Public or Private Sector Undertakings or any combination thereof.

What is meant by special economic zone?

A special economic zone (SEZ) is an area in a country that is subject to different economic regulations than other regions within the same country. The SEZ economic regulations tend to be conducive to—and attract—foreign direct investment (FDI).

What is the main purpose of a special economic zone?

The main objectives of the SEZ Scheme is generation of additional economic activity, promotion of exports of goods and services, promotion of investment from domestic and foreign sources, creation of employment opportunities along with the development of infrastructure facilities.