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NES Global: AAR Maharashtra rules that back-office operations will be considered as export of services

Public Policy
April 1, 2019 1082 0 Read Article

A recent ruling by Authority for Advance Ruling (AAR), Maharashtra, in the case of NES Global Specialist Engineering Services Private Limited (the Applicant) has ruled that that back-office operations will be considered as export ...


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Customs notification: Extension of upfront exemption from IGST for Export Oriented Units till March 31, 2020

Public Policy
March 26, 2019 1325 0 Read Article Download Icon

Department of Revenue has issued notification no 9/2019-Customs dated March 25, 2019 to give effect to notification issued by Ministry of Commerce & Industry recently extending exemption from IGST and compensation cess to EOUs...


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Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee Ordinance, 2019

Public Policy
March 26, 2019 3510 0 Read Article Download Icon

Maharashtra State government, vide Trade Circular No 9T of 2019 dated March 8, 2019 has promulgated the Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee Ordinance, 2019 with a view to reduce arrears of tax, ...


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Request for suggestions on SEBI report on issuance of shares with Differential Voting Rights (DVRs)

Public Policy
March 25, 2019 829 0 Read Article Download Icon

Securities Exchange Board of India (SEBI) has released a report on “Issuance of shares with Differential Voting Rights (DVRs)” for public consultation (attached).The Consultation Paper presents an analysis of evolution of DVRs mor...


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Extension of upfront exemption from IGST for Export Oriented Units till March 31, 2020

Public Policy
March 21, 2019 5699 0 Read Article Download Icon

We are pleased to inform you that the benefit of upfront exemption from Integrated GST and cess for Export Oriented Units have been extended for a period of 1 year, i.e, till March 31, 2020.  In this regard, Ministry of Commerce &...


Presentation: Webinar on Recent Supreme Court Ruling on Basic Wages for the Purpose of PF Contributions , March 19th 2019

Presentation: Webinar on Recent Supreme Court Ruling on Basic Wages for the Purpose of PF Contributions , March 19th 2019

Public Policy
March 20, 2019 2174 0 Read Article Download Icon

This presentation is based on Webinar on Recent Supreme Court Ruling on Basic Wages for the Purpose of PF Contributions that was held yesterday.  


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India-US Bilateral exchange agreement for CbCR - finalized

Public Policy
March 19, 2019 1070 0 Read Article Download Icon

Ministry of Finance has issued a Press release dated 15 March, 2019 stating that a bilateral agreement has been finalized between India and US for exchange of Country-by-Country Reports (CbCR). The proposed agreement will apply re...


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Karnataka Comprehensive Karasamadhana Scheme, 2019: Arrears of penalty and interest under State taxes

Public Policy
March 16, 2019 9928 0 Read Article Download Icon

Karnataka State government, vide Order NO. FD 9 CSL 2019 dated February 21, 2019 has approved Comprehensive Karasamadhana Scheme, 2019 with a view to reduce the arrears arising out of the enactments administered by the Commercial ...


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Deadline to submit comments on draft e-commerce policy extended to 29th March

Public Policy
March 12, 2019 1336 0 Read Article

The Department for Promotion of Industry and Internal Trade (DPIIT) released a draft national e-commerce policy (‘draft policy’) on 23rd February. The deadline to submit stakeholder comments on the draft policy has bee...


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Government allows work from home to all employees of SEZ unit

Public Policy
March 11, 2019 5167 0 Read Article Download Icon

After series of deliberations and Government engagements by NASSCOM, I’m glad to share that the work from home provisions are amended by Ministry of Commerce in line with our recommendations. Please find attached the SEZ amended R...


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