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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

Public Policy
May 19, 2021 150 0 Read Article images

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 ...


Submission requesting for clarification in terms of compliances required to be undertaken under Special Economic Zones Act, 2005 and rules thereunder

Submission requesting for clarification in terms of compliances required to be undertaken under Special Economic Zones Act, 2005 and rules thereunder

Public Policy
May 19, 2021 338 0 Read Article

As you are aware, Department of Commerce (DoC), Ministry of Commerce and Industries, recently issued clarification  vide No – K – 43013 (16)/1/2021 – SEZ dated 5th February 2021 and Instruction no.195 dated 5th February 2021....


MoF: Request for clarification that reimbursement of amount incurred by employee for COVID-19 treatment, or any other support provided by employer will not be treated as perquisite under the Income Tax Act, 1961

MoF: Request for clarification that reimbursement of amount incurred by employee for COVID-19 treatment, or any other support provided by employer will not be treated as perquisite under the Income Tax Act, 1961

Public Policy
May 19, 2021 280 0 Read Article

During this unprecedented time, COVID support/relief has been one of the topmost priorities of employers. For example, employers are coming forward and supporting their employees by providing the following facilities to employees ...


Seeking Inputs: Draft Industrial Relations (Central) Recognition of Negotiating Union or Negotiating Council & Adjudication of Disputes of the Trade Unions Rules, 2021

Seeking Inputs: Draft Industrial Relations (Central) Recognition of Negotiating Union or Negotiating Council & Adjudication of Disputes of the Trade Unions Rules, 2021

Public Policy
May 19, 2021 31 0 Read Article

Dear Members, The ministry of labour and employment earlier this month published ‘Draft Industrial Relations (Central) Recognition of Negotiating Union or Negotiating Council & Adjudication of Disputes of the Trade Unions R...


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 29 0 Read Article 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 60 0 Read Article

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 140 0 Read Article 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 43 0 Read Article

  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 44 0 Read Article

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 299 0 Read Article

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...


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