Recently, NASSCOM met the Joint Secretary, MeitY to review the applicability of SOFTEX Form for Software products to strengthen ease of doing business for software product industry under National Policy on Software Products (NPSP) 2019. Officials of MeitY, Reserve Bank of India (RBI), Department of Commerce (DoC) and iSpirt also attended the meeting.
During the meeting, a recommendation to do away with the SOFTEX Form for Software Products was made.
We would want to understand if this move would benefit the industry or not. Kindly, let us know if you see any concerns with this recommendation. Also, we would be keen on understanding how replicating the same move for Software Services will change the way exports happen currently.