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Global Taxation Challenges Arising from the Digitalisation of the Economy

Globally, there is a recognition that traditional source-based taxation regime is insufficient to tax highly digitalised businesses. This is premised on the fact that physical presence is no longer a key basis for provision of many services in the new businesses models which otherwise present a compelling case for attribution of a share of the income in the jurisdiction where the customers are loc...

NASSCOM’s Representation on challenges faced by IT industry due to prescribed electronic modes under section 269SU of the Income-tax Act, 1961

Context With an objective to promote digital payments, the Government has recently mandated zero charges on payment transactions done on National Payments Corporation of India (NPCI)’s Unified Payments Interface (UPI) and RuPay debit cards. Concisely, there are three developments: Businesses with turnover of more than ₹ 50 crore have to mandatorily provide facilities for accepting payments through...

Nasscom Representation to DGFT on Implementing GAICT for Re-Export of SCOMET items

On 6th February, Nasscom submitted a representation to DGFT, requesting DGFT to issue relevant guidelines at the earliest so that the industry can take benefit of the ‘Global Authorisation for Intra-Company Transfer (GAICT) of SCOMET Items/Software/Technology’, and ensure compliance with all the necessary requirements under Public Notice 20/2015-20 (Public Notice 20). In the absence of necessary g...

Update: NASSCOM participates in the first meeting of Grievance Redressal Committee for GST issues

The Goods and Services Tax (GST) Council, in its 38th meeting, approved constitution of “Grievance Redressal Committee” at Zonal/ State level to tackle grievances of taxpayers on GST related issued of specific/ general nature. Accordingly, a Grievance Redressal Committee has been formed in the State of Karnataka comprising of officials from Goods & Services Tax Network (GSTN), Office of Princi...

NASSCOM-DSCI Joint Submission on the Personal Data Protection Bill, 2019

Yesterday, NASSCOM and DSCI submitted their joint representation on the Personal Data Protection Bill, 2019 (PDP Bill 2019) before the Joint Parliamentary Committee (JPC) chaired by Smt. Meenakshi Lekhi, MP. The inputs received from members, both during the Consultation Sessions held across Delhi, Mumbai and Bangalore, as well as written submissions provided by members, were extremely helpful in s...

Sustainable Revolution and Industry 4.0

The sustainable energy transition and Industry 4.0 characterise significant commonalities that can be interconnected to establish a sustainable energy transition. Such interconnectedness can be optimally utilised to address the Sustainable Development Goals for energy, climate action, wastage and beyond. The sustainable infrastructure through Industry 4.0 technology adoption and regulations are po...

Cyber Security Threats to Look For in 2020

Cyber Threats to Look For in 2020 With the advent of new technologies, the doors of complex cybersecurity challenges have opened. This advancement has provided cyber criminals with thousands of opportunities to exploit and damage an organisation’s cybersecurity infrastructure. The year 2019 had some worst data breaches. 2020 is going to be a challenging year for the businesses, organisations and g...

NTLF NASSCOGRAM DAY 1 : HIGHLIGHTS

Canada witnessed a 38% increase in trade with India:NTLF 2020 “Adaptive technology should be created for ease of doctors functionality” said Dr Arvind Kasaragod,Cloudnine Care “Quantum computing will be tackling hardest enterprise problems by the end of the decade.” Amit Zaveri , VP of Googlecloud “Digital business is shining a spotlight on all your accidents of history; in both IT architecture an...

5G Microservices: A Symbiosis between 5G and Microservices

Microservices Architecture All the flavor of the Microservices architecture lies in the independence that it offers. Each service is only responsible for the task it was intended for. There is a strong communication among all the services but the overall coupling is very loose, as one would desire in any complex enterprise solution. Here are a few other benefits of employing this architecture to b...

In The Spotlight: This Startup Is Providing Remote Tech Support to Chinese Field Hospitals In Wuhan

The world is facing one of the worst pandemics in recent times. COVID-19, commonly known as Coronavirus made a prophetic debut in late 2019 in China’s Wuhan province. It’s been nearly 60 days and since then, the virus has been spreading steadily across the globe at an alarming pace. To date, nearly 2,200 people have succumbed to the virus, while nearly 75,000 people have been affected. When Chines...

Modern Taxation In India Driving Digital Transformation In Finance

More information is being captured now at every level in order to ascertain hidden wealth and income levels of people When we think of Modern Taxation in India, we inevitably think of Goods and Services Tax (GST) because this has been the biggest tax reform implemented in the country since Independence. Long overdue GST has, in a single stroke, unified and subsumed about 17 different indirect taxe...

The Gap Between Affordable And Quality Health Care

The world is moving to a point where the definition of balance tends to change with the rising imbalance around the world. One of the major “taboo” that the world lives in is the fact that if healthcare is affordable,  it will ultimately be highly qualified in terms of the facilities it provides. However, the sad truth is, this assumption fails to lose the authenticity once judged on the parameter...