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Submission highlighting issues regarding taxability of gift cards/ vouchers and trade margins vis-à-vis purchase and sale of gift cards/ vouchers

Submission highlighting issues regarding taxability of gift cards/ vouchers and trade margins vis-à-vis purchase and sale of gift cards/ vouchers

Public Policy
August 10, 2022 254 0

We have made a submission to Central Board of Indirect Taxes (CBIC) highlighting issues being faced by our Industry as a result of ongoing investigations pursuant to the advance ruling pronounced on the taxability of vouchers by t...


GST: Request for issuance of instructions to stay recovery proceedings in cases where requisite part payment is made by the taxpayer

GST: Request for issuance of instructions to stay recovery proceedings in cases where requisite part payment is made by the taxpayer

Public Policy
August 9, 2022 672 0

As you may be aware, State and Central GST departments are undertaking scrutiny of GST returns, investigations, audits, assessments, etc. which result into passing of number of orders with huge demands. Aggrieved by the said order...


NASSCOM Submission on Draft Delhi Motor Vehicle Aggregators Scheme 2022

NASSCOM Submission on Draft Delhi Motor Vehicle Aggregators Scheme 2022

Public Policy
August 5, 2022 301 0 images

In August 2022, NASSCOM submitted feedback and suggestions on the draft Delhi Motor Vehicle Aggregator Scheme 2022 (the Scheme) published by the Transport Department, Government of National Capital Terriroty (NCT) of Delhi. T...


Reserve Bank of India: Update on storing Card-on-File data for guest checkouts and other post-transaction activities

Reserve Bank of India: Update on storing Card-on-File data for guest checkouts and other post-transaction activities

Public Policy
July 29, 2022 343 0

    The Reserve Bank of India (RBI), after stakeholder consultation, has released a clarification on storing card-on-file (CoF) data for guest check-out transactions and other post-transaction activities. However, ...


NITI Aayog: Report on ‘Digital Banks – A Proposal for Licensing and Regulatory Regime for India’

NITI Aayog: Report on ‘Digital Banks – A Proposal for Licensing and Regulatory Regime for India’

Public Policy
July 28, 2022 448 0

  The NITI Aayog has released its report on ‘Digital Banks – A Proposal for Licensing and Regulatory Regime for India’ (Report). Prior to this, in November, the NITI Aayog had released the first version of the Report for s...


GST: Representation on 2-Factor authentication enabled for e-waybill and e-invoice system

GST: Representation on 2-Factor authentication enabled for e-waybill and e-invoice system

Public Policy
July 28, 2022 1533 0

The National Informatics Centre (NIC) recently enabled 2-Factor authentication for e-waybill and e-invoice system to further enhance the security of the systems. This 2-Factor authentication is required in addition to the username...


Reserve Bank of India: Call for Inputs on “Discussion Paper on Climate Risk and Sustainable Finance”

Reserve Bank of India: Call for Inputs on “Discussion Paper on Climate Risk and Sustainable Finance”

Public Policy
July 28, 2022 231 0

  The Reserve Bank of India (RBI), pursuant to its statement on Developmental and Regulatory Policies, has released a discussion paper on “Climate Risk and Sustainable Finance” (Discussion Paper) for stakeholder consultati...


Reserve Bank of India (RBI) : Feedback on Draft Master Directions on ‘Outsourcing of IT Services’

Reserve Bank of India (RBI) : Feedback on Draft Master Directions on ‘Outsourcing of IT Services’

Public Policy
July 26, 2022 359 0 images

  In June 2022, the Reserve Bank of India (RBI) released its draft master directions on ‘Outsourcing of IT Services’ (draft Master Directions). The draft Master Directions propose a risk management framework for outsourc...


Call for inputs: DOT's consultation paper on a new telecom law

Call for inputs: DOT's consultation paper on a new telecom law

Public Policy
July 26, 2022 320 0

On July 23, the Department of Telecommunications (DOT) released a consultation paper (available here) on the need for a new legal framework governing the telecommunication sector in India. As per the paper, the extant legal framew...


GST: Representation on Online Information and Database Access or Retrieval (OIDAR) services for B2C supplies

GST: Representation on Online Information and Database Access or Retrieval (OIDAR) services for B2C supplies

Public Policy
July 19, 2022 554 0

Background S. 5(1) of Integrated Goods and Service Tax Act, 2017 (IGST Act) provides that the supplier is liable to pay tax on all inter-state supplies of goods or services. However, as an exception, it is provided under S.5(3)...


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