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Update: SEIS for FY 2019-2020 with revisions in categories and rates has been notified

Update: SEIS for FY 2019-2020 with revisions in categories and rates has been notified

Public Policy
September 10, 2021 207 0 images

On September 23, 2021, the Ministry of Commerce and Industry (MOCI) notified the rates and eligible service categories for claiming benefits under the Services Exports of India Scheme (SEIS), for service exports rendered in t...


RBI modifies guidelines on tokenisation of card transactions

RBI modifies guidelines on tokenisation of card transactions

Public Policy
September 10, 2021 93 0

The Reserve Bank of India (RBI) after reviewing the tokenisation framework, on September 7th, 2021 issued a directive with certain enhancements to its  extant framework on card tokenisation services. Prior to this on August 2...


Call for Inputs: Export Control rules for encryption items/software/technology (SCOMET Category 8A5 Part 2)

Call for Inputs: Export Control rules for encryption items/software/technology (SCOMET Category 8A5 Part 2)

Public Policy
September 9, 2021 69 0

Information security products and technology are subject to export control restrictions under Category 8A5 Part 2 of India's SCOMET list. Companies routinely incorporate cryptography in software to enable data confidenti...


Submission: Uniform Pricing Norms for Unlisted Equity

Submission: Uniform Pricing Norms for Unlisted Equity

Public Policy
September 9, 2021 29 0

Background: NASSOCM has submitted suggestions to the Arun Jaitley National Institute of Financial Management (AJNIFM), an autonomous institute of Ministry of Finance (MoF), on the topic of uniform pricing norms for unlisted equ...


Update: Singapore Exchange allows listing of Special Purpose Acquisition Companies (SPAC) on its mainboard

Update: Singapore Exchange allows listing of Special Purpose Acquisition Companies (SPAC) on its mainboard

Public Policy
September 8, 2021 56 0

Singapore Exchange (SGX) recently announced new rules that will enable Special Purpose Acquisition Companies (SPACs) to list on the Mainboard of the Singapore Exchange Securities Trading Limited (Mainboard) effective 3 September 2...


GST Commissionerate: Virtual meet on Extension of time limit to apply for Revocation of cancellation of registration

GST Commissionerate: Virtual meet on Extension of time limit to apply for Revocation of cancellation of registration

Public Policy
September 8, 2021 5 0

GST East Commissionerate is organising a virtual meet on "Extension of time limit to apply for Revocation of Cancellation of registration-Notification 34/2021 CT dated 29.08.2021 on September 9, 2021 (Thursday) from 11 A...


GST: Submission highlighting issues relating to processing/ grant of refund of excess balance of TCS

GST: Submission highlighting issues relating to processing/ grant of refund of excess balance of TCS

Public Policy
September 6, 2021 38 0

Background and Issue: As per S. 52 of Central Goods and Service Tax Act, 2017 (CGST Act), e-commerce operators are required to collect and deposit an amount of 1% of net supplies effected by the suppliers (or the e-tailers) ...


RBI: Submission requesting for resolution of issues faced by Industry while filing forms through FIRMS portal

RBI: Submission requesting for resolution of issues faced by Industry while filing forms through FIRMS portal

Public Policy
September 6, 2021 361 0

As you may be aware, the Reserve Bank of India (RBI) recently introduced the Foreign Investment Reporting and Management System (FIRMS portal) to simplify foreign investment reporting by Indian entities by consolidating 9 dif...


Department of Commerce: Representation on SEZ policy and operational challenges

Department of Commerce: Representation on SEZ policy and operational challenges

Public Policy
September 1, 2021 353 0 images

Based on feedback received from Industry, NASSCOM has made a detailed submission to Department of Commerce (DoC), Ministry of Commerce and Industry, highlighting several operational and policy issues being faced by the Information...


Update on issues raised by NASSCOM during Karnataka Grievance Redressal Committee meeting

Update on issues raised by NASSCOM during Karnataka Grievance Redressal Committee meeting

Public Policy
September 1, 2021 37 0

Karnataka State Grievance Redressal Committee (GRC) meeting (GRC) for the quarters ending December 2020 and March 2021 was held on July 27, 2021 wherein NASSCOM raised some of the key issues highlighted by member companies. Pursua...


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