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Update on issues raised by NASSCOM during second meeting of Karnataka Grievance Redressal Committee

Public Policy
October 8, 2020 291 0

As you may be aware, the second meeting of Karnataka State Grievance Redressal Committee (GRC) was held on 15 th September 2020 wherein NASSCOM raised some key issues highlighted by member companies. Pursuant to the meeting, GRC h...


Blog

GST: Seeking extension of timelines for various GST compliances for Financial Year 2019-20 and extension of timeline for filing annual returns

Public Policy
October 7, 2020 22612 0

GST law prescribes strict timelines for specified compliance to be adhered by the registered person on or before September every year. Non-compliance leads to financial repercussions. In this regard, some of the important timeline...


Blog

Submission to United Nations on discussion draft on inclusion of software in definition of royalties

Public Policy
October 2, 2020 686 0 images

During the 20th session of the United Nations (UN) Tax Committee (Committee) meeting held online from 22-26 June 2020, it was recommended by members that the Committee should focus its attention on amending the current definition ...


Blog

SARS-CoV-2: DoT extends the timelines for annual return by OSPs to 31.12.2020

Public Policy
October 1, 2020 280 0

Dear Members,On account of the challenges being faced by the industry due to ongoing pandemic, the Department of Telecommunications (DoT)  had recently extended the timelines for submission of annual return by Other Service Provid...


Blog

NASSCOM: Union Budget 2021-22: Industry consultations

Public Policy
October 1, 2020 283 0

The Union Budget 2021-22 consultations by the Ministry of Finance are round the corner. Basis the feedback received, we have prioritized the key issues to be raised to the Government along with the associated recommendations for t...


Blog

GST Updates relating to e-invoicing and extension in due date for filing annual return for 2018-19

Public Policy
October 1, 2020 1094 0 images

Changes relating to E-Invoicing: One-time relaxation in implementation of E-Invoicing – In view of the fact that some taxpayers have still not been able to implement e-invoicing in their ERPs, government has decided that inv...


Blog

NASSCOM's Representation to RBI to defer and review the implementation of Circular on ‘Enhancing Security of Card Transactions’

Public Policy
September 30, 2020 483 0

ContextOn 15 January 2020, the Reserve Bank of India (RBI) issued a circular on ‘Enhancing Security of Card Transactions’ (Circular). The circular mandates card issuers to: (a) issue cards which are enabled only for use at contact...


Blog

MCA update: Companies permitted to do virtual board meetings till December 31, 2020

Public Policy
September 30, 2020 888 0 images

In a step to enable health safety and business continuity, Ministry of Corporate Affairs (MCA) has now permitted companies to conduct virtual Board meetings for approval of annual financial statements, Board reports etc. This rela...


Blog

Webinar on e-invoicing under GST organised by DGTS CBIC

Public Policy
September 29, 2020 541 0

The GST Council, in its 39th Meeting held on March 14, 2020, decided to implement the new e-invoicing requirement on October 1, 2020. In this regard, Central Board of Indirect Taxes and Customs (CBIC) recently released the FAQs an...


Blog

Haryana Enterprises and Employment Policy, 2020: Interaction with the Chief Minister of Haryana

Public Policy
September 28, 2020 568 0 images

The Govt of Haryana has released the draft Haryana Enterprises and Employment Policy, 2020 ( DEEP 2020) for discussion. This policy when adopted will replace the Haryana Enterprises Policy, 2015, which is applicable to all sectors...


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