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The Regulatory Reporting Maturity Model

The Regulatory Reporting Maturity Model

Public Policy
July 5, 2021 405 0

The 2008 global financial crisis led to significant regulatory changes for systemic risk identification and management, enhanced capital adequacy and liquidity requirements, and effective supervisory oversight through the collecti...


Policy Update: SEBI releases revised Framework for Regulatory Sandbox

Policy Update: SEBI releases revised Framework for Regulatory Sandbox

Public Policy
July 3, 2021 86 0

On June 14, 2021, the Securities and Exchange Board of India (SEBI) released an updated version of the Framework for Regulatory Sandbox (RS). The major change in the policy is pertaining to the Eligibility Criteria for the RS. Thi...


NASSCOM Feedback to RRA Advisory Group

NASSCOM Feedback to RRA Advisory Group

Public Policy
July 2, 2021 152 0

Context On April 15, 2021, the Reserve Bank of India (RBI) announced setting up of new Regulations Review Authority (RRA 2.0) for a period of one year from May 1, 2021, to review the Central Banks’ regulations and compliance pr...


Update: Guidelines under section 194Q of Income-tax Act, 1961

Update: Guidelines under section 194Q of Income-tax Act, 1961

Public Policy
July 1, 2021 178 1 images

The Central Board of Direct Taxes (CBDT) has issued guidelines under S. 194Q of Income-tax Act, 1961 (Act) vide issue of Circular No. 13 of 2021 dated June 30, 2021. S. 194Q which takes effect from July 1, 2021, provides f...


GST Update: Dynamic QR Code implementation extended till 30.09.2021

GST Update: Dynamic QR Code implementation extended till 30.09.2021

Public Policy
July 1, 2021 152 0 images

Central Board of Indirect Taxes and Customs (CBIC) issued Notification no. 28/2021- Central Tax dated June 30, 2021 extending the applicability of Dynamic QR Code on B2C invoices from July 1, 2021 to September ...


 Update: CBDT announces tax exemption for expenditure on COVID-19 treatment and grants further extension in timelines of compliances

Update: CBDT announces tax exemption for expenditure on COVID-19 treatment and grants further extension in timelines of compliances

Public Policy
June 28, 2021 113 0 images

Central Board of Direct taxes (CBDT), vide Press Release dated June 25, 2021, has provided income-tax exemption to the amount received by a taxpayer for medical treatment from employer or from any person for treatment of COVID-19 ...


OSP Reforms 2.0: DoT issues revised Guidelines for the Other Service Providers (OSPs)

OSP Reforms 2.0: DoT issues revised Guidelines for the Other Service Providers (OSPs)

Public Policy
June 23, 2021 741 0

Dear Members, The Department of Telecommunications (DoT) on June 23, 2021 announced the second iteration of the telecom reforms for the BPM/ ITES industry by issuing the revised Guidelines for the Other Service Providers (OSPs)...


GST Update: Clarification in respect of applicability of Dynamic QR Code on B2C invoices

GST Update: Clarification in respect of applicability of Dynamic QR Code on B2C invoices

Public Policy
June 23, 2021 91 0 images

Central Board of Indirect Taxes and Customs (CBIC) has issued Circular No. 156/12/2021-GST providing clarifications in respect of applicability of Dynamic Quick Response (QR) Code on B2C invoices and compliance of notification 14/...


Update: NASSCOM’s efforts towards improving India’s export control regime

Update: NASSCOM’s efforts towards improving India’s export control regime

Public Policy
June 22, 2021 142 0

NASSCOM has been regularly engaging with the relevant departments of the government, including Directorate General of Foreign Trade (DGFT), Ministry of Electronics and Information Technology (MeitY) and Ministry of External Affair...


DGFT: Suggestions on digital trade exports under new Foreign Trade Policy

DGFT: Suggestions on digital trade exports under new Foreign Trade Policy

Public Policy
June 22, 2021 286 0

The Directorate General of Foreign Trade (DGFT) is reviewing the Foreign Trade Policy (2015-2021), with the objective of formulating a new Foreign Trade Policy (FTP) which will come into effect once the current FTP (2015-2021) exp...


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