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Member Consultation: Generation of Electronic Invoice on GST Portal

Public Policy
May 15, 2019 823 0 images

The GST Council has formally constituted a Committee of Officers on ‘generation of electronic invoice through the GST portal’.  This seems to be a clear action step post representation by the industry.  The committee is required t...


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Discussion Points on CBDT's proposal for Amendment of Rules for Profit Attribution to Permanent Establishments (PEs)

Public Policy
May 14, 2019 2100 0 images

ObjectiveThe purpose of this document is to discuss the draft report (Report) of the Committee constituted by the Central Board of Direct Taxes (CBDT) on ‘Amendment of rules for profit attribution to Permanent Establishment’. The ...


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SEBI’s circular on reporting for AI and ML applications and systems offered and used by mutual funds

Public Policy
May 10, 2019 1243 0

Policy Update10.05.2019SEBI’s circular on reporting for AI and ML applications and systems offered and used by mutual funds BackgroundThe Securities and Exchange Board of India (SEBI) has asked all mutual funds companies in India ...


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NASSCOM’s feedback to the Reserve Bank of India on the Draft Enabling Framework for Regulatory Sandbox

Public Policy
May 9, 2019 1537 0

Feedback on the Draft Enabling Framework for Regulatory SandboxAt the outset we would like to congratulate the Reserve Bank of India (RBI) for taking this positive step towards enabling a regulatory sandbox and seeking public comm...


Emerging Technologies: Leading the next wave of IP Creation for India

Emerging Technologies: Leading the next wave of IP Creation for India

Public Policy
April 26, 2019 2533 0 images

Leading the next wave of IP Creation for India’. The report showcases how companies in India are creating IP assets in the US, which is one of the most favored destination for filing patents. Key findings: Some key statistics inc...


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Policy Brief:RBI’s draft enabling framework for regulatory sandbox

Public Policy
April 24, 2019 1418 0

NASSCOM Policy Brief  24.04.2019 The Reserve Bank of India’s draft enabling framework for regulatory sandbox ContextIn a move to promote technological innovations aimed at financial inclusion, the Reserve Bank of India (RBI) has p...


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Inviting comments on draft regulatory sandbox framework by RBI

Public Policy
April 24, 2019 796 0

The Reserve Bank of India (RBI) has proposed to set up regulatory sandboxes where startups can test new products, services or business models with customers in a live environment, subject to certain safeguards and oversight. Accor...


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Member consultation: CBDT's draft rules on attribution of profits to PEs

Public Policy
April 24, 2019 1677 0

The CBDT has on 18.04.19 released draft rules (available here) on attribution of profits to permanent establishments. These would have widespread ramifications for multinational companies that are having sales in India or users in...


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CBDT Extends CbCR deadline for constituent entities having parent entity in USA to April 30, 2019

Public Policy
April 10, 2019 947 0 images

Central Board of Direct Taxes (CBDT) has issued Circular no 7/2019 dated April 8, 2019 extending the due date for furnishing Country-by-Country Reports (CbCRs) to April 30, 2019 in respect of reporting accounting years ending up t...


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TRAI Open House Consultation on Regulatory Framework for Over the Top (OTT) Communication Services on 24th April 2019, Bangalore

Public Policy
April 9, 2019 8357 0

Pursuant to the Consultation Paper on Regulatory Framework for Over the Top (OTT) Communication Services published by Telecom Regulatory Authority of India (TRAI) earlier this year, the telecom regulator is now holding a open hous...


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