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GST Update - B2C QR code extended by 3 months

GST Update - B2C QR code extended by 3 months

Public Policy
March 31, 2021 50 0 Read Article

Central Board of Indirect Taxes and Customs (CBIC) issued Notification no. 06/2021- Central Tax dated March 30, 2021 extending the applicability of Dynamic QR Code on B2C invoices from April 1, 2021 to July 1, 2021....


Update - Extension of upfront exemption from IGST for Export Oriented Units till March 31, 2022

Update - Extension of upfront exemption from IGST for Export Oriented Units till March 31, 2022

Public Policy
March 31, 2021 42 0 Read Article

Central Board of Indirect Taxes and Customs (CBIC) issued Notification no. 19/2021- Customs dated March 30, 2021 extending the benefit of upfront exemption from Integrated GST and cess for Export Oriented Units (EOUs) fo...


Update: Amendments to Finance Bill, 2021 passed by the President

Update: Amendments to Finance Bill, 2021 passed by the President

Public Policy
March 30, 2021 56 0 Read Article

The Finance Bill 2021 introduced vide Union Budget 2021-22 was recently approved by the President on March 28, 2021, with certain amendments.  Basis our review of the proposals introduced vide Finance Bill 2021 and fe...


Update: SEBI eases norms for public listing of startups

Update: SEBI eases norms for public listing of startups

Public Policy
March 30, 2021 39 0 Read Article

On 25 March 2021, Securities and Exchange Board of India (SEBI), approved various proposals with respect to framework of Innovators Growth platform (IGP) under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 ...


Survey on the impact of new Haryana State Reservation Law on start-ups: March 2021

Survey on the impact of new Haryana State Reservation Law on start-ups: March 2021

Public Policy
March 26, 2021 106 0 Read Article images

NASSCOM recently conducted a survey to assess the impact on start-ups of the new Haryana State Employment of Local Candidates Act, 2020. The law forces companies to recruit at least 75% of all new employees to have a domicile in t...


MCA: Submission requesting for deferment of timelines for implementation of Notification No. GSR 205 (E), which require companies to adopt accounting software having the feature of audit trail

MCA: Submission requesting for deferment of timelines for implementation of Notification No. GSR 205 (E), which require companies to adopt accounting software having the feature of audit trail

Public Policy
March 26, 2021 61 0 Read Article

As you may be aware, Ministry of Corporate Affairs (MCA) recently issued Notification No. GSR 205 (E) dated 24th March 2021 notifying Companies (Accounts) Amendment Rules, 2021 (New Rules). The new rules seek to insert Proviso ...


GST: Submission requesting for removal of restriction on zero rating benefit under GST for units in Special Economic Zones for facilities /amenities like canteen, first aid centre etc.

GST: Submission requesting for removal of restriction on zero rating benefit under GST for units in Special Economic Zones for facilities /amenities like canteen, first aid centre etc.

Public Policy
March 26, 2021 237 0 Read Article

As you are aware, Information Technology (IT) industry is dependent on its human capital which forms its core resource. Thus, employee wellness and welfare are integral part of businesses of IT companies. As per Rule 11(5) of S...


GST Update | AAR | Transportation facility provided by Company to employees in terms of employment contract is not taxable

GST Update | AAR | Transportation facility provided by Company to employees in terms of employment contract is not taxable

Public Policy
March 26, 2021 167 0 Read Article images

The Authority for Advance Ruling (AAR), Uttar Pradesh in the case of North Shore Technologies Private Limited (Applicant) recently ruled that providing subsidised shared transport facility by the applicant to its employe...


Representation on Facilitating Compliance with RBI Guidelines on Payment Aggregators and Payment Gateways

Representation on Facilitating Compliance with RBI Guidelines on Payment Aggregators and Payment Gateways

Public Policy
March 25, 2021 340 1 Read Article

In March 2020, the Reserve Bank of India (RBI) released the Guidelines on Regulation of Payment Aggregators and Payment Gateways (PA/PG Guidelines), which created a regulatory framework for the operation of payment aggregators (PA...


NASSCOM’s Recommendations on SEBI’s Consultation Paper on Introduction of Concept of “Accredited Investors” in Indian Securities Market

NASSCOM’s Recommendations on SEBI’s Consultation Paper on Introduction of Concept of “Accredited Investors” in Indian Securities Market

Public Policy
March 22, 2021 34 0 Read Article images

On 18 March 2021, NASSCOM provided its suggestions to Securities and Exchange Board of India (SEBI) on their Consultation Paper on Introduction of Concept of “Accredited Investors” in Indian Securities Market. ...


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