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GST: Submission requesting for clarification on valuation of corporate guarantees between related parties under Rule 28(2) of CGST Rules

GST: Submission requesting for clarification on valuation of corporate guarantees between related parties under Rule 28(2) of CGST Rules

Public Policy
December 19, 2023 35 0

As you may be aware, the Central Board of Indirect Taxes and Customs (CBIC), vide issue of Notification No. 52/2023 – Central Tax dated 02 October 2023 (Notification) amended Rule 28 of Central Goods and Services Tax Rules, 2017 (...


Call for Inputs on SEBI Consultation Paper

Call for Inputs on SEBI Consultation Paper

Public Policy
December 13, 2023 37 0

Dear All, As you may be aware, Securities and Exchange Board of India (SEBI) has released a consultation paper on review of provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI (Issue ...


Feedback on GAICT and Recommendation for a Bulk-license for Cryptography

Feedback on GAICT and Recommendation for a Bulk-license for Cryptography

Public Policy
December 12, 2023 76 0

The government has taken several initiatives to ease compliance requirement under SCOMET, including but not limited to the introduction of the General Authorisation for Intra-Company Transfers (‘GAICT’) policy, further revision of...


Statement on Developmental and Regulatory Policies by RBI

Statement on Developmental and Regulatory Policies by RBI

Fintech Public Policy
December 8, 2023 62 0

December 8, 2023, Reserve Bank of India (RBI) published a statement indicating upcoming developments in policy measures as follows: Financial Markets 1. Review of the regulatory framework for hedging of foreign exchange...


Guidelines for Prevention and Regulation of Dark Patterns on online platforms

Guidelines for Prevention and Regulation of Dark Patterns on online platforms

Public Policy
December 4, 2023 120 0 images

On December 1, 2023, the Department of Consumer Affairs published the Guidelines for Prevention and Regulation of Dark Patterns (The Guidelines). Nasscom was a part of the task force set-up by the government, to give suggestio...


NFRA: Representation on Circular issued by NFRA regarding responsibilities of statutory auditors to report fraud

NFRA: Representation on Circular issued by NFRA regarding responsibilities of statutory auditors to report fraud

Public Policy
November 29, 2023 96 0

S. 143(12) of Companies Act, 2013 (Companies Act) read with Rule 13 of Companies (Audit and Auditors) Rules, 2014 (Rules) casts responsibility on the auditor of a company to report instances of fraud involving amount of INR 1 cror...


Haryana State Employment of Local Candidates Act, 2020 struck down as unconstitutional

Haryana State Employment of Local Candidates Act, 2020 struck down as unconstitutional

Public Policy
November 28, 2023 83 0 images

Chronology of events In 2021, the State of Haryana enacted the Haryana State Employment of Local Candidates Act, 2020 (“HSELC Act”) to provide for 75% employment of local candidates by private employers where the gross mont...


MoF: Submission on OECD Pillar One Multilateral Convention

MoF: Submission on OECD Pillar One Multilateral Convention

Public Policy
November 22, 2023 77 0

As you may be aware, the OECD/G20 Inclusive Framework on Base Erosion and Profit Sharing (BEPS) has been working to develop a consensus-based solution to address tax challenges arising out of digitalisation of the economy. The OEC...


MEITY : nasscom representation on enabling a robust implementation of the DPDPA

MEITY : nasscom representation on enabling a robust implementation of the DPDPA

Data Privacy Public Policy
November 17, 2023 453 0

In November, nasscom made a representation to the Ministry of Electronics and Information Technology on enabling a robust implementation of the Digital Personal Data Protection Act of 2023 (DPDPA). Our representation, which was de...


Discussion and experience sharing session with Gujarat government on e-commerce under GST

Discussion and experience sharing session with Gujarat government on e-commerce under GST

Public Policy
November 14, 2023 30 0

Dear All, As you may be aware, e-commerce sector has been identified as a sector for capacity building by the Committee of Officers on GST Audit in their report submitted during the 48th GST Council meeting. Towards this end, w...


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