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Status of rollout of Reserve Bank of India’s directive on recurring payments: Challenge for e-Commerce

Status of rollout of Reserve Bank of India’s directive on recurring payments: Challenge for e-Commerce

Public Policy
September 28, 2021 155 0

The deadline for compliance by banks, prepaid instrument issuers and card payment networks with RBI’s directive on Processing of e-Mandate on Cards for Recurring Transactions for amounts upto Rs 5000/- comes to an end day after to...


Seeking Inputs: Haryana State Labour Rules on Labour Codes

Seeking Inputs: Haryana State Labour Rules on Labour Codes

Public Policy
September 28, 2021 87 0

  Dear Members, As you are aware, the Central Government is in the process of implementing the labour codes. As part of the reforms, the rule-making powers of various codes vest with both State and Central Government. W...


Request for Inputs: Consultation paper released by the UK Information Commissioner’s Office on International Data Transfers in the UK

Request for Inputs: Consultation paper released by the UK Information Commissioner’s Office on International Data Transfers in the UK

Public Policy
September 27, 2021 20 0

 Background The UK Information Commissioner’s Office (ICO) has released a consultation paper on the regulatory regime governing international data transfers in and out of the United Kingdom (UK) under the UK GDPR (the UK l...


MoF: Submission requesting for clarity on eligibility to claim exemption under S.10AA of Income Tax Act, 1961

MoF: Submission requesting for clarity on eligibility to claim exemption under S.10AA of Income Tax Act, 1961

Public Policy
September 23, 2021 48 0

With the onset of COVID-19 pandemic, there has been a paradigm shift in the ways of working whereby employees have been working from home. In light of the growing impetus on technology front, there is an increasing demand for prov...


Reserve Bank of India's Account Aggregator Network

Reserve Bank of India's Account Aggregator Network

Public Policy
September 23, 2021 155 0

Reserve Bank of India’s Account Aggregator Network Backdrop The much-awaited Account Aggregator (AA) network went live on September 2, 2021. The AA framework is based on the Data Empowerment and Protection Architecture (DEP...


Key Takeaways: Webinar on implications of circulars on "intermediary services" and services provided by subsidiaries to overseas affiliates

Key Takeaways: Webinar on implications of circulars on "intermediary services" and services provided by subsidiaries to overseas affiliates

Public Policy
September 22, 2021 165 0

On September 22, 2021, NASSCOM, in association with Deloitte India as knowledge partners, organised an interactive session with the Industry to discuss implications of GST circulars released by the Central Board of Indirect Taxes ...


GST Update: Circular issued to clarify that services provided by subsidiaries to overseas affiliates qualify as exports

GST Update: Circular issued to clarify that services provided by subsidiaries to overseas affiliates qualify as exports

Public Policy
September 21, 2021 493 0 images

The Central Board of Indirect Taxes and Customs (CBIC), in line with the recommendation of GST Council in its 45th meeting held on Friday i.e. 17 September 2021, has finally issued a Circular yesterday clarifying the scope of expo...


GST Update: Much awaited Circular protects IT-ITeS industry from concerns of being treated as 'intermediary' service

GST Update: Much awaited Circular protects IT-ITeS industry from concerns of being treated as 'intermediary' service

Public Policy
September 21, 2021 328 0 images

The much awaited Circular providing clarity on scope of intermediary services has finally been issued by the Central Board of Indirect Taxes and Customs (CBIC) yesterday. As you are aware, NASSCOM has been pursuing this matter for...


GST Update: Summary of decisions taken in 45th GST Council meeting

GST Update: Summary of decisions taken in 45th GST Council meeting

Public Policy
September 18, 2021 209 0 images

The 45th meeting of the GST Council was held today in Lucknow. This was the first in-person meeting of the Council after a long gap of 2 years, owing to the pandemic.  The meeting was chaired by Finance Minister Smt. Nirmala ...


GST Update: Extension of time limit to file revocation of cancellation applications

GST Update: Extension of time limit to file revocation of cancellation applications

Public Policy
September 14, 2021 1224 0

The Central Board of Indirect Taxes and Customs (CBIC) recently issued Notification No 34/2021- Central Tax dated 29th August 2021 under S. 168A of the Central Goods and Services Tax Act, 2017 (CGST Act) extending the timelines fo...


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