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GST Update: CBIC notifies revised e-invoice schema and applicability of e-invoicing

Public Policy
July 31, 2020 1694 0

The Central Board of Indirect Taxes and Customs (CBIC), vide issue of Notification No. 60/2020 – Central Tax dated July 30, 2020 has notified the updated version of e-invoice schema/format (Version 1.1). The relevant API release a...


Blog

NASSCOM’S ANALYSIS OF CONSUMER PROTECTION (E-COMMERCE) RULES, 2020

Public Policy
July 30, 2020 2654 0 images

On 10 January 2020, NASSCOM met the Joint Secretary, Department of Consumer Affairs (DoCA), to discuss NASSCOM’s submission on the draft Consumer Protection (e-Commerce) Rules (draft E-commerce Rules) proposed to be notified under...


Blog

GST: Submission on admissibility of scanned copies of tax invoices to claim of Input Tax Credit

Public Policy
July 30, 2020 2207 0

Under GST, a tax invoice is an important document and a registered person cannot avail Input Tax Credit (ITC) unless he is in possession of a tax invoice. However, due to lockdown, business activities have been disrupted all over ...


Blog

RegTech - Changing the regulation landscape

BFSI Public Policy
July 28, 2020 1421 0

What is the most significant challenge the financial services industry faces today? It is complying with ever-changing regulations. Non-compliance leads to cancellation of license, significant penalties, legal issues, and sanction...


Blog

Representation to Haryana Government on labour related challenges

Public Policy
July 28, 2020 376 0

Dear Members.NASSCOM recently made a representation to Haryana Labour department citing industry concerns relating to delay in getting approvals for engaging women in night shifts as well as CLRA applications.In our representation...


Blog

Request for inputs on existing customs Laws and Procedures

Public Policy
July 24, 2020 381 0

Dear All,During Budget speech, the Hon’ble Finance Minister had announced to undertake a review of existing Customs laws and procedures to for aligning them with the needs of changing times and also to identify those notifications...


Blog

Key Takeaways: Government - Industry interaction on completion of three years of GST organised by NASSCOM

Public Policy
July 24, 2020 466 0 images

On July 23, 2020, NASSCOM, in association with Deloitte India as knowledge partners, organised an interactive live Government – Industry interaction on completion of three years of GST with:D. P. Nagendra Kumar, Principal Ch...


Blog

Seeking Inputs: Draft Code on Wages (Central) Rules, 2020

Public Policy
July 23, 2020 1791 0

Dear all,The Ministry of Labour and Employment has recently published the draft Code on Wages (Central) Rules 2020, seeking inputs from the stakeholders. The Rules prescribes for the process and fixation of calculating the Minimum...


Blog

DoT further extends the Work from Home relaxations for OSPs till December end.

Public Policy
July 22, 2020 1183 0 images

Dear all,This in the continuation of our previous updates available here and here, relating to Department of Telecommunications (DoT) relaxations pertaining to work from home (WFH) under the Other Service Providers (OSPs) licensin...


Blog

GST: Submission on denial of GST refunds on account of treatment of overseas group entity as ‘establishment of distinct person’

Public Policy
July 20, 2020 2113 0

Issue: In order to qualify as ‘export of service’ under Section 2(6) of Integrated Goods & Services tax Act, 2017 (IGST Act), one of the conditions is that “the supplier of service and the recipient of service are not merely e...


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