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Extension of deadline to submit comments on NODE Consultation Whitepaper

Public Policy
April 1, 2020 898 0

ContextThe Ministry of Electronics & IT (MeitY) released a White Paper on National Open Digital Ecosystems (NODE) (link) in February. The whitepaper highlights key elements of NODE and describes the paradigm shift from earlier...


Blog

Ordinance promulgated to give effect to relief measures announced by Finance Minister

Public Policy
April 1, 2020 541 0 images

Ministry of Finance recently introduced an Ordinance on March 31, 2020 to bring into effect compliance relief measures for taxpayers in the wake of COVID-9 that were announced by the Finance Minister on March 24, 2020. Salient fea...


Blog

GST Update | Refund clarifications

Public Policy
April 1, 2020 441 0 images

GST Policy Wing, Central Board of Indirect Taxes and Customs (CBIC) recently issued Circular No.135/05/2020 – GST dated March 31, 2020 clarifying various refund related issues. Summary of the Circular is given below:Bunching...


Blog

COVID-19 Update: Relaxation in compliance for SEZs

COVID-19 Public Policy
March 31, 2020 1711 0 images

In view of the disruptions caused by COVID-19 pandemic, Department of Commerce, Ministry of Commerce and Industry has decided to provide certain relaxations in compliances to be met by units / developers / co?developers of Special...


Blog

DGEP issues clarification on movement of goods out of STPI

Public Policy
March 26, 2020 886 0 images

Dear all, With a view to enable health, safety and business continuity, Directorate General of Export Promotion (DGEP) has recently clarified that provisions relating to temporary removal laptops, computers, etc. from units in Sof...


Blog

Update - Extension of upfront exemption from IGST for Export Oriented Units till March 31, 2021

Public Policy
March 26, 2020 812 0 images

Central Board of Indirect Taxes and Customs (CBIC) has recently issued Notification no. 16/2020- Customs dated March 24, 2020 extending the benefit of upfront exemption from Integrated GST and cess for Export Oriented Units (EOUs)...


Blog

Amendments to Finance Bill, 2020 passed by both Houses of Parliament

Public Policy
March 26, 2020 4245 0

Amidst the COVID-19 outbreak and lockdown in various states, the Finance Bill 2020 introduced vide Union Budget 2020-21 was passed by both Houses of Parliament, with certain amendments including relaxation of ‘deemed residency’ ru...


Blog

NASSCOM Policy Update: DoT issues standard format for sharing details of Extended Agent Position

Public Policy
March 24, 2020 339 0 images

Dear all,Pursuant to the DoT March 13, 2020 notification, many members approached NASSCOM highlighting the concerns related to different TERM authorities seeking different information of the “Extended Agent Position” (EAP). Subseq...


Blog

NASSCOM Survey on OSP T&C related to Work from home

Public Policy
March 24, 2020 387 0

Dear all,As you are aware, the Department of Telecommunications (DOT) vide notification (No. 18-5/2015-CS-I) dated 13th March 2020, has amended the Other Service Providers (OSP) terms and conditions related to WFH, which are as fo...


Blog

NASSCOM’s Representation to Ministry of Corporate Affairs on relaxation of provisions relating to maintaining time gap between two Board Meetings

Public Policy
March 24, 2020 701 0

As per section 173(1) of Companies Act, 2013, every company is required to hold minimum 4 meetings of its Board of Directors every year such that not more than 120 days shall intervene between two consecutive meetings.In view of t...


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