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GST: Advocacy on implementation date of e-invoicing and issuance of revised schema and updated FAQs

Public Policy
June 26, 2020 545 0

E-invoicing is a business reform which requires significant changes to be made to ERP systems including billing systems and other allied business processes.In this regard, GSTN recently issued API version 1.02 along with release n...


Blog

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

Public Policy
June 26, 2020 2446 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...


Income Tax Update: Further extension in tax compliance deadlines

Income Tax Update: Further extension in tax compliance deadlines

Public Policy
June 25, 2020 301 0 images

In view of the challenges faced by taxpayers in meeting the statutory and regulatory compliance requirements due to the outbreak of Novel Corona Virus (COVID-19), the Government has further extended time limits for making various ...


Blog

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

Public Policy
June 24, 2020 3721 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 1766 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 375 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 1212 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 494 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 1445 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...


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