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GST Update: Clarifications regarding GST on service supplied by restaurants through e-commerce operators

GST Update: Clarifications regarding GST on service supplied by restaurants through e-commerce operators

Public Policy
December 21, 2021 462 0 images

The GST Council, in its 45th meeting held in September, 2021 recommended to notify ‚Restaurant Service‛ under S. 9(5) of Central Goods and Services Ta Act, 2019 (CGST Act). Accordingly, tax on supply of restaurant service provided...


Update: Retail platform for purchase/ sale of foreign exchange

Update: Retail platform for purchase/ sale of foreign exchange

Public Policy
December 16, 2021 197 0 images

As you may be aware,  the Clearing Corporation of India Ltd. (CCIL), at the behest of RBI, in 2019, had developed an electronic trading platform “FX-Retail”. The platform seeks to enhance transparency and fairness in cus...


Seeking Inputs: TRAI Consultation Papers on Ease of Doing Business (Telecom and Broadcasting) Sector and Auction of spectrum for IMT/5G

Seeking Inputs: TRAI Consultation Papers on Ease of Doing Business (Telecom and Broadcasting) Sector and Auction of spectrum for IMT/5G

Public Policy
December 15, 2021 176 0

The Telecom regulator has rolled out following consultation papers focused on promotion of ease of doing business in telecom and broadcasting sector and Auction of 5G spectrum and related issues including regulatory framework for ...


Request for Inputs: SEBI Consultation Paper on Algorithmic Trading by Retail Investors

Request for Inputs: SEBI Consultation Paper on Algorithmic Trading by Retail Investors

Public Policy
December 14, 2021 212 0 images

Securities and Exchange Board of India (SEBI) has recently released a consultation paper to solicit comments from public on algorithmic trading being done by retail investors including use of API access and automation of trades us...


Reserve Bank of India : Representation on facilitating compliance with Card-on-File Tokenisation (CoFT)

Reserve Bank of India : Representation on facilitating compliance with Card-on-File Tokenisation (CoFT)

Public Policy
December 9, 2021 595 0

  Backdrop In March 2020, the Reserve Bank of India (RBI) released “Guidelines on Regulation of Payment Aggregators and Payment Gateways” under S. 10(2) of the Payment Systems and Settlement Act, 2007. The Guideli...


NASSCOM-Industry consultation on Card on File Tokenisation

NASSCOM-Industry consultation on Card on File Tokenisation

Public Policy
December 9, 2021 329 0

The Guidelines for Payment Aggregators and Payment Gateways (PA/PG) prohibit merchants and payments aggregators from storing card details after December 31. To this effect, on September 07, the RBI allowed Card-on-File tokenisatio...


‘Digital India’ - Enabling A Datacenter Ecosystem

‘Digital India’ - Enabling A Datacenter Ecosystem

nasscom insights Public Policy Cloud Computing
December 7, 2021 1007 0

Telecom, Pharmaceuticals, Automotive, and IT Services, for the majority of the past two decades, have been seen as the flag-bearers of the so-called 'Sunrise Sectors' in India. It has been sometime since these were the trending th...


Call for inputs: NITI Aayog's discussion paper on a regulatory regime for digital banks

Call for inputs: NITI Aayog's discussion paper on a regulatory regime for digital banks

Public Policy
December 3, 2021 311 0

In November, the NITI Aayog released a discussion paper on ““Digital Banks – A Proposal for Licensing and Regulatory Regime for India” (Discussion Paper). It describes the need for, and components of, a proposed regulatory regime ...


SEBI and MCA: Suggestions towards easing provisions related to buyback of own securities

SEBI and MCA: Suggestions towards easing provisions related to buyback of own securities

Public Policy
December 2, 2021 344 0

Globally, companies have been resorting to buyback of their own equity shares to return surplus cash to shareholders. It is increasingly being preferred by companies over dividends as a tool to manage capital structure, thereby re...


MoF: Clarifications on deduction and collection of tax at source under S.194-O, 194Q & 206C(1H) of Income Tax Act, 1961

MoF: Clarifications on deduction and collection of tax at source under S.194-O, 194Q & 206C(1H) of Income Tax Act, 1961

Public Policy
December 1, 2021 252 0 images

Central Board of Direct Taxes (CBDT) recently issued Circular 20 of 2021 dated November 25, 2021 to issue further guidelines for applicability of S.194-O, S.194Q, and S.206C(1-I) of Income Tax Act, 1961. The Finance Act, 2020 and ...


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