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GST Update: Circulars pursuant to 52nd GST Council meeting

GST Update: Circulars pursuant to 52nd GST Council meeting

Public Policy
November 1, 2023 43 0

Dear All, Pursuant to 52nd GST council meeting held on October 07, 2023, The Central Board of Indirect Taxes and Customs (CBIC) has issued the following circulars: Circular No. 202/14/2023 – GST Clarifies that even tho...


Nasscom's feedback on the draft Guidelines for prevention and regulation of dark patterns

Nasscom's feedback on the draft Guidelines for prevention and regulation of dark patterns

Public Policy
October 31, 2023 93 0 images

On October 4, 2023, we submitted feedback to the Department of Consumer Affairs (DoCA) on the draft Guidelines for Prevention and Regulation of Dark Patterns (draft Guidelines).  Our submission started with an overall...


UPDATES BY DGFT ON THE IMPORT LICENCE FOR LAPTOPS, COMPUTERS, SERVERS ETC.

UPDATES BY DGFT ON THE IMPORT LICENCE FOR LAPTOPS, COMPUTERS, SERVERS ETC.

Public Policy
October 19, 2023 126 0 images

On October 19, 2023, the Directorate General of Foreign Trade (DGFT) has published an update on the implementation of the import licence requirement for IT hardware (laptops, computers, servers etc.).  Pursuant to nas...


Update: Non-resident can file Form 10F electronically without obtaining PAN in India

Update: Non-resident can file Form 10F electronically without obtaining PAN in India

Public Policy
October 10, 2023 165 0

As you may be aware, the Central Board of Direct Taxes (CBDT) had earlier issued a notification which requires a Non-Resident (NR) taxpayer to file form 10F online along with Tax Residency Certificate (TRC) to claim benefit of Dou...


Update: Summary of decisions taken in 52nd GST Council meeting

Update: Summary of decisions taken in 52nd GST Council meeting

Public Policy
October 10, 2023 61 0 images

The 52nd meeting of the GST Council was held on October 7, 2023. Some of the important updates pursuant to the meeting are as follows: Alignment of provisions of Central Goods and Services Tax Act, 2017 (CGST Act) with the p...


Update: SEZ | Clarification on Instruction 95

Update: SEZ | Clarification on Instruction 95

Public Policy
October 5, 2023 253 0 images

This is in relation to Instruction 95 issued by the SEZ Division of the Ministry of Commerce and Industry in June 2019. The Instruction states that SEZ unit may be permitted to set-up facilities/amenities such as cafeteria, cr...


Feedback on Draft Patent (Amendment) Rules, 2023

Feedback on Draft Patent (Amendment) Rules, 2023

Public Policy
October 4, 2023 87 0 images

Recently, DPIIT released the Draft Patent (Amendment) Rules 2023 (Draft Rules), to promote ease of doing business, like streamlining timeline and to remove unnecessary compliances. Specifically, nasscom’s feedback on Form 27 submi...


Feedback on TRAI CP on Regulatory Mechanism for OTT Communication Services & Selective Banning of OTTs

Feedback on TRAI CP on Regulatory Mechanism for OTT Communication Services & Selective Banning of OTTs

Public Policy
October 3, 2023 98 0 images

Nasscom submitted feedback on the recent Consultation Paper titled “Regulatory Mechanism for Over-The-Top (OTT) Communication Services, and Selective Banning of OTT Services”. The premise of the CP, is the back reference from...


NASSCOM Discussion Paper on "Scaling up digital governance: a legal framework under the Digital India Act"

NASSCOM Discussion Paper on "Scaling up digital governance: a legal framework under the Digital India Act"

Public Policy
September 30, 2023 429 0 images

Nasscom public policy has released a discussion paper on "Scaling up digital governance: a legal framework under the Digital India Act". This paper discusses the merits of a dedicated legal framework for digital government in ...


Notification of amendment to Rule 11UA of Income Tax Rules for valuing investments in startups

Notification of amendment to Rule 11UA of Income Tax Rules for valuing investments in startups

Public Policy
September 28, 2023 78 0

Ministry of Finance (MoF) has issued Notification No. G.S.R 685(E) dated September 25, 2023 (Notification) to amend Rule 11UA of Income Tax Rules, 1962 (IT Rules) which prescribes the methodology for valuation of shares for applic...


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