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Labour Ministry notifies reduced PF contribution rate for next three months

Public Policy
May 19, 2020 455 0 images

The Hon’ble FM on May 13, 2020, had announced reduction in the PF contribution rate from 12% to 10%, as a measure to reduce the cash flow challenges faced by employers and employees due to the current Covid-19 crisis. The official...


Blog

Covid-19: Representation to DGFT on extending the SCOMET Authorisation Period

Public Policy
May 19, 2020 857 0

On 19th May 2020, NASSCOM submitted a representation to Directorate General of Foreign Trade (DGFT), with a request to extend the validity period of all export authorisation of items specified under Special Chemicals, Organism, Ma...


Blog

Request for Inputs on GST issues faced by IT-BPM Industry

Public Policy
May 19, 2020 344 0 images

As you may be aware, NASSCOM submits a consolidated memorandum to GST Council highlighting key issues faced by member companies in respect of GST across India. The last GST memorandum was submitted in January 2020. The same is att...


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Orders and advisories related to payment of wages for the lock down period

Public Policy
May 18, 2020 799 0

Ministry of Home Affairs (MHA) order and the Ministry of Labour and Employment (MoLE), has issued orders and advisories related on payment of wages for the lock down period, which has been challenged in Court.Details of Govt Order...


Blog

Economic package : Part 1 - Important announcements relevant to the IT sector

Public Policy
May 14, 2020 941 0

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. Given the cash flow constraints faced by MS...


Blog

Representation to Ministry of Finance: Issues requiring clarifications, guidance on the new Equalisation Levy

Public Policy
May 6, 2020 1326 0 images

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


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EPFO Eases ECR Fling Process

Public Policy
May 1, 2020 575 0 images

Dear all,Given the impact of the Covid-19 on employers, the Employees’ Provident Fund organization (EPFO) has introduced changes in the Electronic-Challan cum Return (ECR) filing process.As per the Press Release dated 30.04.2020 i...


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Representation to MCA to relax provisions relating to conduct of AGMs by companies

Public Policy
April 29, 2020 536 0

As per section 96 of Companies Act, 2013 (“Act”), every company is required to hold AGM of its members within 6 months from the close of Financial Year (FY). AGM should be called during business hours and shall be held...


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Covid -19 : Financial support from State Governments sought

Public Policy
April 28, 2020 816 0

NASSCOM has made representation to the State Government of Madhya Pradesh and Kerela, seeking financial support to the IT -ITeS companies in the State. The content of the representation is reproduced below.In the wake of the ongoi...


Blog

Lockdown 2.0 : Feedback to Central Government

Public Policy
April 28, 2020 466 0

NASSCOM, based on regular interaction with the industry, has been sharing feedback to the Central Government, on the state of compliance with MHA guidelines on lockdown, status of reopening of various sectors, difficulties faced b...


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