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Clarification on merchant onboarding requirements under the Regulation of Payment Aggregators and Payment Gateways

Public Policy
June 26, 2020 2392 0

Based on feedback from industry, NASSCOM recently made a representation to the Reserve Bank of India (RBI) on a particular ambiguity in the Guidelines on Regulation of Payment Aggregators (PA) and Payment Gateways (PG) published b...


Blog

SEZ: NASSCOM recommendations to MoC on industry requirements relating to work from home (WFH)

Public Policy
June 24, 2020 3706 0

Today, about 90% of the workforce employed in the IT-BPM sector is working from home (WFH). Given the available technologies and an impetus from the SARS-CoV-2 pandemic, IT/ITeS companies are now looking at a blended working model...


Blog

[Call for Inputs] DGCA Releases Draft Unmanned Aircraft System Rules, 2020

Public Policy
June 12, 2020 1764 0 images

The Directorate General of Civil Aviation (DGCA) released the draft Unmanned Aircraft System Rules, 2020 (UAS Rules) on 2 June 2020. Public consultation on the UAS Rules is open till 3 July 2020.NASSCOM solicits member inputs on t...


Blog

GST Update: Directors not 'company employees', salary/remuneration paid to them taxable under 'reverse-charge

Public Policy
June 11, 2020 370 0 images

The GST Policy Wing, Central Board of Indirect Taxes and Customs (CBIC) recently issued Circular 140/10/2020 – GST dated June 10, 2020 wherein it clarified the applicability of GST on Director’s remuneration paid by companies.To r...


Blog

Enabling long term work from home: MeitY set up Inter-Ministerial Working Group for IT/ITES Industry

Public Policy
June 11, 2020 1204 0

Dear Members,Based on NASSCOM’s suggestion, an Inter-Ministerial Working Group  has been setup by MeitY under the Chairmanship of Mr. Ajay Sawhney, Secretary, MeitY to look into the requirements of the IT-ITeS sector to enable a l...


Blog

DGFT Eases Procedure for Revalidation of Export Authorisation for SCOMET Items

Public Policy
June 9, 2020 591 0 images

In response to NASSCOM’s representation to grant automatic extension of export authorisations for SCOMET items (expiring between March and June 2020), the Directorate General of Foreign Trade (DGFT) has issued Public Notice 10/201...


Blog

GST: Request for details on FOC software imports from related party

Public Policy
June 9, 2020 483 0

This is with reference to levy of GST on import of free of cost (FOC) services from related parties. We understand that there have been a number of enquiries initiated by GST authorities, particularly Directorate General of GST In...


Blog

NASSCOM Submits its Recommendations on National Open Digital Ecosystems

Public Policy
June 5, 2020 1441 0 images

On 31 May, 2020 NASSCOM submitted its feedback to the Ministry of Electronics and Information Technology (MeitY) on the National Open Digital Ecosystems (NODE) Whitepaper.We provide below an overview of the key recommendations mad...


Blog

Definition of MSME revised

Public Policy
June 5, 2020 402 0 images

On 13th May, the Finance Minister made the first set of announcements, on the economic package. The measures focused on providing much needed liquidity infusion, esp for the MSME sector.As a part of these announcements, definition...


Blog

NASSCOM's Point of View on Equalization Levy introduced vide Finance Act 2020

Public Policy
June 1, 2020 1922 0

Equalisation Levy (“EL”) was introduced in India vide Finance Act 2016, subsequent Final Report of Organisation for Economic Co-operation and Development (“OECD”) dealing with tax challenges of the Digital Economy. The scope of EL...


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