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Update: Issue of Circular to provide guidelines in relation of deduction of tax at source on benefit or perquisite in respect of business or profession

Update: Issue of Circular to provide guidelines in relation of deduction of tax at source on benefit or perquisite in respect of business or profession

Public Policy
June 24, 2022 251 0 images

The Central Board of Direct Taxes recently issued Circular No. 12 of 2022 dated 16 June providing clarification in relation to applicability of Tax Deduction at Source (TDS) provisions on benefit/ perquisite in respect of business...


GST: Submission requesting for extension of exemption on Integrated Goods and Services Tax paid on capital goods procured by units in STPI/ EOU

GST: Submission requesting for extension of exemption on Integrated Goods and Services Tax paid on capital goods procured by units in STPI/ EOU

Public Policy
June 23, 2022 652 0

The Software Technology Parks of India (STPI) Scheme is a 100% export-oriented programme for developing and exporting computer software, as well as professional services via communication links or physical media. The Export Orient...


CCI Journal on Competition Law and Policy- Call for Papers

CCI Journal on Competition Law and Policy- Call for Papers

Public Policy
June 23, 2022 398 0 images

  The Competition Commission of India (CCI) is a statutory body established under the Competition Act, 2002 inter alia to prevent practices having adverse effect on competition, promote and sustain competition in markets, ...


Parliamentary Standing Committee on Commerce Publishes Report on ‘Promotion and Regulation of e-Commerce in India’

Parliamentary Standing Committee on Commerce Publishes Report on ‘Promotion and Regulation of e-Commerce in India’

Public Policy
June 22, 2022 570 0

On June 15, 2022, the Department related Parliamentary Standing Committee on Commerce (the Committee), headed by Shri V. Vijayasai Reddy, presented its report on ‘Promotion and Regulation of E-Commerce in India’. The Committee exa...


Call for Inputs: Draft Policy on General Authorisation for Export after Repair in India

Call for Inputs: Draft Policy on General Authorisation for Export after Repair in India

Public Policy
June 15, 2022 193 0 images

The Directorate General of Foreign Trade (DGFT) has published a draft policy on General Authorisation for Export after Repair in India (GAER). This policy is being proposed for inclusion as Paragraph 2.79C(D) of the Handbook ...


NASSCOM-DSCI Feedback on the Draft National Data Governance Framework Policy

NASSCOM-DSCI Feedback on the Draft National Data Governance Framework Policy

Public Policy
June 15, 2022 275 0 images

Earlier in May, the Ministry of Electronics and Information Technology (MEITY) had released a draft National Data Governance Framework Policy (NDGFP) for public consultation. We had summarised this draft policy in an earlier post ...


REVISED POLICY ON GLOBAL AUTHORISATION FOR INTRA-COMPANY TRANSFER (GAICT)

REVISED POLICY ON GLOBAL AUTHORISATION FOR INTRA-COMPANY TRANSFER (GAICT)

Public Policy
June 14, 2022 688 0

The Directorate General of Foreign Trade (DGFT) has notified the revision to the General Authorisation for Intra-Company Transfers (GAICT) policy. The GAICT policy was first introduced in 2019. Under this policy, eligible expo...


Call for inputs: Proposed Amendments to the Intermediary Guidelines and Digital Media Ethics Code Rules 2021

Call for inputs: Proposed Amendments to the Intermediary Guidelines and Digital Media Ethics Code Rules 2021

Public Policy
June 8, 2022 374 0

On 6th June 2022, the Ministry of Electronics and Information Technology (MEITY) released a set of proposed amendments to the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021 (Intermediary...


NITI Aayog: Feedback on Draft Battery Swapping Policy

NITI Aayog: Feedback on Draft Battery Swapping Policy

Public Policy
June 3, 2022 205 0 images

During Budget 2022-2023, the government announced plans to introduce a Battery Swapping Policy and interoperability standards, with the intent of building and improving the efficiency of the battery swapping ecosystem, thereby dri...


Reserve Bank of India (RBI): Representation on ‘Consideration of App-based notifications for account related transactions’

Reserve Bank of India (RBI): Representation on ‘Consideration of App-based notifications for account related transactions’

Public Policy
May 31, 2022 2531 0

Backdrop We made a representation to the Reserve Bank of India (RBI) on considering allowing app-based notifications for account related transactions. Currently, the RBI has circulars and notifications which require banks ...


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