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Angel tax update: Proposal to amend Rule 11UA of Income Tax Rules, 1962 and notification of excluded entities

Angel tax update: Proposal to amend Rule 11UA of Income Tax Rules, 1962 and notification of excluded entities

Public Policy
May 22, 2023 228 0

The press release dated May 19, 2023 issued by the Press Information Bureau (PIB) states that the Central Board of Direct Taxes (CBDT) is considering amending Rule 11UA of Income Tax Rules, 1962 (IT Rules) along with notification ...


GST: Representation on recent guidelines issued for Special All-India Drive against fake GST registrations

GST: Representation on recent guidelines issued for Special All-India Drive against fake GST registrations

Public Policy
May 22, 2023 314 0

Background: The Central Board of Indirect Taxes and Customs (CBIC) recently issued guidelines on Special All-India Drive against fake registrations vide Instruction No. 01/2023-GST, dated May 04, 2023 (Instructions). As per...


Submission on Draft Amendments to the Aadhaar Authentication for Good Governance (Social Welfare, Innovation, Knowledge) Rules, 2020

Submission on Draft Amendments to the Aadhaar Authentication for Good Governance (Social Welfare, Innovation, Knowledge) Rules, 2020

Public Policy
May 11, 2023 279 0 images

On May 5, 2023, Nasscom submitted comments to the Draft Amendments to the Aadhaar Authentication for Good Governance (Social Welfare, Innovation, Knowledge) Rules, 2020. These propose to allow entities, other than govt departments...


Government enhances employer's contribution to pension fund under the Code on Social Security

Government enhances employer's contribution to pension fund under the Code on Social Security

Public Policy
May 9, 2023 547 0

Overview Immediately after the Government extended the May 03, 2023 deadline to exercise the option for higher pension benefits, the Government made effective specific sections of the Code on Social Security, 2020 (CSS) relate...


GST Update - E-invoicing time limit implementation deferred by 3 months

GST Update - E-invoicing time limit implementation deferred by 3 months

Public Policy
May 9, 2023 661 0 images

 Pursuant a representation made by nasscom, Goods and Services Tax Network (GSTN) has issued an advisory on May, 2023 on the GST portal to provide that that the proposal to implement a time limit of 7 days for generating e-in...


Submission requesting for extension of due date for filing of Annual Performance Report by STPI units

Submission requesting for extension of due date for filing of Annual Performance Report by STPI units

Public Policy
May 9, 2023 1155 0

As you may be aware, Chapter 6 (Annexure-IV to the Appendix 6E) of Handbook of Procedures (HBP) under Foreign Trade Policy (FTP) mandate units in STPI to submit APR in the prescribed format within a period of 90 days following the...


Nasscom Public Policy, Vol 4, Issue 5, April 2023

Nasscom Public Policy, Vol 4, Issue 5, April 2023

Monthly Newsletters Public Policy
May 4, 2023 474 0

Click here if you are unable to view this mailer properly.   ...


Roundtable Discussion on Global Authorisation for Intra-Company Transfer (GAICT)

Roundtable Discussion on Global Authorisation for Intra-Company Transfer (GAICT)

Public Policy
May 1, 2023 176 0

On April 26, 2023, nasscom organised a roundtable discussion with the industry to gather feedback on the industry’s experience with one of India’s bulk licencing policies – the GAICT policy. GAICT policy as first introduced in Jul...


GST: Representation on advisory issued regarding the timeline for reporting invoices to Invoice Registration Portal

GST: Representation on advisory issued regarding the timeline for reporting invoices to Invoice Registration Portal

Public Policy
April 28, 2023 303 0

As you may be aware, an advisory has been issued on the Goods Service Tax portal on April 12, 2023 which states that taxpayers with aggregate turnover more than INR 100 crores will not be allowed to report invoices, credit notes a...


Nasscom Public Policy Snapshot 2022-23

Nasscom Public Policy Snapshot 2022-23

Public Policy
April 26, 2023 226 0

Click here if you are unable to view this mailer properly.     For more inform...


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