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GST Submission: Suggestions with respect to the GST on COVID-19 related relief; ease of doing business issues for IT-ITES Industry
GST Submission: Suggestions with respect to the GST on COVID-19 related relief; ease of doing business issues for IT-ITES Industry

May 19, 2021

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Based on inputs from Industry, NASSCOM has submitted a detailed memorandum of suggestions with respect to the Goods and Services Tax (GST) to enable growth and ease of doing business for the Information Technology (IT) - Business Process Management (BPM)/ IT enabled Services (ITeS) Industry. The document has been submitted to key GST officials in Ministry of Finance and members of GST Council.  

Our recommendation towards strengthening the pandemic relief effort pertains to removal of disparity between free of cost import for COVID relief vis-à-vis imports made on payment of consideration for COVID relief, though the objective may be the same, i.e., goods are imported for free distribution in India and the agency importing is authorised by a State Government.

The IT-ITeS industry memorandum highlights issues requiring urgent intervention from the government, measures to unlock working capital locked in accumulated Input Tax Credits (ITC), ease ITC restrictions and refund related issues, amongst others.

Implementing these measures would significantly improve ease of doing business.

The detailed GST memorandum is attached for your kind reference.


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Download Attachment

202105_NASSCOM_IT-ITESindustry_GSTMemorandum.pdf

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