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Update: Special Refund and Drawback Disposal Drive till May 31, 2021

Update: Special Refund and Drawback Disposal Drive till May 31, 2021

Public Policy
May 18, 2021 25 0 images

In order to provide immediate relief to business entities, Central Board of Indirect Taxes and Customs (CBIC) recently issued Instruction No.10/2021 dated May 13, 2021 for disposing pending customs refund, IGST refund an...


Covid-19: Deadline for ESIC contribution for the month of April 2021 extended till 15th June 2021

Covid-19: Deadline for ESIC contribution for the month of April 2021 extended till 15th June 2021

Public Policy
May 13, 2021 46 0

Dear all, In lieu of the current pandemic, the Employees' State Insurance Corporation (ESIC) vide notificationno.P-11/14-Misc/01/2019- Rev-II dated May 12, 2021, has extended the deadline for making the statutory contribution f...


Request for Inputs: SEBI Consultation Paper on review of regulatory framework of promoter, promoter group and group companies

Request for Inputs: SEBI Consultation Paper on review of regulatory framework of promoter, promoter group and group companies

Public Policy
May 12, 2021 135 0 images

Securities and Exchange Board of India (SEBI) has recently released a consultation paper to solicit comments from public on review of the regulatory framework of promoter, promoter group and group companies as per Securities and E...


Member Consultation: Suggestions for Group of Advisors to Regulations Review Authority

Member Consultation: Suggestions for Group of Advisors to Regulations Review Authority

Public Policy
May 11, 2021 39 0

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


MCA: Submission requesting for clarification that COVID-care centres/makeshift hospitals established by employers for use by employees/ family members during COVID-19 pandemic will qualify as CSR

MCA: Submission requesting for clarification that COVID-care centres/makeshift hospitals established by employers for use by employees/ family members during COVID-19 pandemic will qualify as CSR

Public Policy
May 10, 2021 42 0

As you are aware, Ministry of Corporate Affairs (MCA) recently issued General Circular No. 05/2021 dated April 22, 2021 and General Circular No. 09/2021 dated May 5, 2021 clarifying use of CorpoSR funds for setting up makeshift ho...


MoF: Submission requesting for relaxation of compliance provisions under Income Tax Act, 1961 amidst the COVID-19 pandemic

MoF: Submission requesting for relaxation of compliance provisions under Income Tax Act, 1961 amidst the COVID-19 pandemic

Public Policy
May 5, 2021 290 0

Based on inputs from the Industry, NASSCOM made a representation to Ministry of Finance (MoF) on May 4, 2021 highlighting the following issues: A) Deferral of implementation of S.194Q of Income Tax Act, 1961 (IT Act) S. 1...


GST: Submission highlighting key GST issues faced by e-commerce industry

GST: Submission highlighting key GST issues faced by e-commerce industry

Public Policy
April 29, 2021 401 0 images

E-commerce sector is on a growth trajectory and has a cascading effect on all sectors of the economy with the potential to reshape the Indian economy as we move forward into the next decade. Tax compliance is an important aspec...


Ministry of Commerce : All SEZs can set up 50 bed hospital within SEZ units

Ministry of Commerce : All SEZs can set up 50 bed hospital within SEZ units

Public Policy
April 27, 2021 416 0 images

Based on industry request, Ministry of Commerce (MoC) had in Dec 2020, clarified to all the SEZs that upto 50 bed hospital can be set up within the SEZ units. Earlier, Instruction no. 50 dated 15.03.2016 issued by the govt, al...


MCA: Submission highlighting challenges faced by Industry in disclosure of employee remuneration and filing form AOC-4

MCA: Submission highlighting challenges faced by Industry in disclosure of employee remuneration and filing form AOC-4

Public Policy
April 27, 2021 132 0

Based on inputs from the Industry, NASSCOM made a representation to Ministry of Corporate Affairs (MCA) on April 27, 2021 highlighting the following issues: A) S.197 of Companies Act, 2013 read with Rule 5(2), 5(3) of ...


MCA Update: Setting up makeshift hospitals and temporary COVID care facilities will be considered as eligible CSR activity

MCA Update: Setting up makeshift hospitals and temporary COVID care facilities will be considered as eligible CSR activity

Public Policy
April 23, 2021 31 0 images

The Ministry of Corporate Affairs (MCA), vide issue of General Circular No. 05/2021 dated April 22, 2021, has clarified that spending of CSR funds for setting up “makeshift hospitals and temporary Covid care facilities” would be t...


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