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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 490 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 1442 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...


Blog

Startups and IT SMEs: Understanding Export Control Framework Related to Intangible Technology Transfer

Public Policy
May 30, 2020 1142 0 images

If you are a gadget geek, you may be aware that last year when the Google Pixel 4 and Pixel 4XL phones were launched worldwide, these models were not launched in India. The reason behind restricting the sale of the Google phones (...


Blog

Representation on The Occupational Safety, Health and Working Conditions Code, 2019.

Public Policy
May 29, 2020 569 0

NASSCOM earlier this month made a detailed representation to the Government, highlighting the industry concerns on the proposed labour code on the Occupational Safety, Health and working conditions. Below is a brief summary of som...


Blog

[Update] DGFT Relaxes Procedural Requirements for SCOMET Applications

Public Policy
May 25, 2020 572 0

The Directorate General of Foreign Trade (DGFT) has relaxed some procedural requirements for SCOMET export applications given the challenges which the industry is facing in export compliance due to the SARS-CoV-2 pandemic. The fol...


Blog

CBDT notifies Safe Harbor Rules for AY 2020-21

Public Policy
May 22, 2020 1889 0 images

Central Board of Direct Taxes (CBDT), vide issue of Income Tax (9th Amendment) Rules, 2020  has notified Safe Harbor Rules (SHR) for Assessment Year (AY) 2020-21. As per the notification, rates applicable from AY 2017-18 to 2019-2...


Blog

Submission to Ministry of Finance to consider revision in Advance Pricing Agreements (APAs) and mark-ups under Safe Harbour Rules

Public Policy
May 22, 2020 516 0

As you are aware, spread of Novel Coronavirus (COVID- 19) and the resulting economic slowdown has ripple effects across a range of markets hampering Multinational Enterprises (MNEs)’s operations, upsetting corporate forecasts and ...


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