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MoF: Submission requesting for clarifications under S. 194R of Income Tax Act, 1961

MoF: Submission requesting for clarifications under S. 194R of Income Tax Act, 1961

Public Policy
August 19, 2022 764 0

As you may be aware, Ministry of Finance (MoF) in June 2022 issued Circular No. 12 of 2022 (Circular) providing certain clarifications regarding implementation of provisions prescribed under S. 194R of the Income Tax Act, 1961 (IT...


Call for Inputs: Reserve Bank of India’s Discussion Paper on ‘Charges in Payment Systems’

Call for Inputs: Reserve Bank of India’s Discussion Paper on ‘Charges in Payment Systems’

Public Policy
August 18, 2022 230 0

  The Reserve Bank of India (RBI) has released a discussion paper on “Charges in Payment Systems” for stakeholder consultation (Discussion Paper). This comes after RBI had announced in its ‘Statement on Developmental and R...


Reserve Bank of India: Implementation of the recommendations of the working group on digital lending

Reserve Bank of India: Implementation of the recommendations of the working group on digital lending

Public Policy
August 10, 2022 251 0

Backdrop In January 2021, the Reserve Bank of India (RBI) had constituted a working group on digital lending including lending through online platforms and mobile apps (WGDL). The objective of the working group was to – evaluat...


Request for inputs: SEBI's Consultation Paper on Green and Blue Bonds as a mode of Sustainable Finance.

Request for inputs: SEBI's Consultation Paper on Green and Blue Bonds as a mode of Sustainable Finance.

Public Policy
August 10, 2022 261 0

Securities and Exchange Board of India (SEBI) has released a consultation paper on Green and Blue Bonds as a mode of Sustainable Finance. Sustainable Finance is the process of taking due account of environmental, social and gov...


Suggestions on review of disclosure requirements under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), 2015

Suggestions on review of disclosure requirements under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), 2015

Public Policy
August 10, 2022 309 0

In view of the changing market dynamics, the Securities and Exchange Board of India (SEBI) felt a need to review the disclosure requirements for listed entities under Regulation 30 of SEBI (Listing Obligations and Disclosure Requi...


Submission highlighting issues regarding taxability of gift cards/ vouchers and trade margins vis-à-vis purchase and sale of gift cards/ vouchers

Submission highlighting issues regarding taxability of gift cards/ vouchers and trade margins vis-à-vis purchase and sale of gift cards/ vouchers

Public Policy
August 10, 2022 255 0

We have made a submission to Central Board of Indirect Taxes (CBIC) highlighting issues being faced by our Industry as a result of ongoing investigations pursuant to the advance ruling pronounced on the taxability of vouchers by t...


GST: Request for issuance of instructions to stay recovery proceedings in cases where requisite part payment is made by the taxpayer

GST: Request for issuance of instructions to stay recovery proceedings in cases where requisite part payment is made by the taxpayer

Public Policy
August 9, 2022 672 0

As you may be aware, State and Central GST departments are undertaking scrutiny of GST returns, investigations, audits, assessments, etc. which result into passing of number of orders with huge demands. Aggrieved by the said order...


NASSCOM Submission on Draft Delhi Motor Vehicle Aggregators Scheme 2022

NASSCOM Submission on Draft Delhi Motor Vehicle Aggregators Scheme 2022

Public Policy
August 5, 2022 303 0 images

In August 2022, NASSCOM submitted feedback and suggestions on the draft Delhi Motor Vehicle Aggregator Scheme 2022 (the Scheme) published by the Transport Department, Government of National Capital Terriroty (NCT) of Delhi. T...


Reserve Bank of India: Update on storing Card-on-File data for guest checkouts and other post-transaction activities

Reserve Bank of India: Update on storing Card-on-File data for guest checkouts and other post-transaction activities

Public Policy
July 29, 2022 345 0

    The Reserve Bank of India (RBI), after stakeholder consultation, has released a clarification on storing card-on-file (CoF) data for guest check-out transactions and other post-transaction activities. However, ...


NITI Aayog: Report on ‘Digital Banks – A Proposal for Licensing and Regulatory Regime for India’

NITI Aayog: Report on ‘Digital Banks – A Proposal for Licensing and Regulatory Regime for India’

Public Policy
July 28, 2022 459 0

  The NITI Aayog has released its report on ‘Digital Banks – A Proposal for Licensing and Regulatory Regime for India’ (Report). Prior to this, in November, the NITI Aayog had released the first version of the Report for s...


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