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Rajya Sabha Committee recommends revision of Consumer Protection (e-Commerce) Rules, 2020

Rajya Sabha Committee recommends revision of Consumer Protection (e-Commerce) Rules, 2020

Public Policy
April 15, 2021 124 0

On March 24, 2021, the Rajya Sabha Committee on Subordinate Legislation presented its Report on the Consumer Protection (e-Commerce) Rules, 2020 (e-Commerce Rules). The Committee examined the e-Commerce Rules and related areas in ...


GST: Submission requesting for inclusion of IT/ ITeS and OIDAR under list of notified goods and services under S.16(4) of IGST Act

GST: Submission requesting for inclusion of IT/ ITeS and OIDAR under list of notified goods and services under S.16(4) of IGST Act

Public Policy
April 13, 2021 105 0

As you may be aware, S.16(3) of Integrated Goods and Services Tax Act, 2017 (IGST Act) allows a registered person making zero-rated supplies to claim refund as per provisions of S. 54 of Central Goods and Services Tax Act, 2017 (C...


Policy Update: RBI makes interoperability of PPIs compulsory, announces other steps to promote digital payments

Policy Update: RBI makes interoperability of PPIs compulsory, announces other steps to promote digital payments

Public Policy
April 12, 2021 33 0

Context On 7 April 2021, the Reserve Bank of India (RBI) made several significant announcements pertaining to promotion of digital payments in its Statement on Developmental and Regulatory Policies (DRP Statement). Th...


Survey: Request for details of cases interpreted as Intermediary under GST

Survey: Request for details of cases interpreted as Intermediary under GST

Public Policy
April 9, 2021 12 0

As you are aware, our industry has been facing a vexing issue wherein back office support services provided by ITeS is being incorrectly qualified as ‘intermediary services’, resulting in levy of 18% GST. NASSCOM has been dili...


MCA update: Companies permitted to implement transparent accounting software from April 1, 2022

MCA update: Companies permitted to implement transparent accounting software from April 1, 2022

Public Policy
April 5, 2021 41 0 images

Ministry of Corporate Affairs (MCA) has, vide issue of Companies (Accounts) Second Amendment Rules, 2021 dated April 1, 2021, extended the deadline for mandatory adoption of accounting software having audit trail of each and every...


Request for Inputs on GST issues faced by IT-BPM Industry

Request for Inputs on GST issues faced by IT-BPM Industry

Public Policy
April 2, 2021 35 0

As you may be aware, NASSCOM periodically submits a consolidated memorandum to GST Council and GST Policy Wing highlighting key GST issues faced by our Industry across India. We are again in the process of identifying GST issu...


RBI extends timeline for non-bank Payment Aggregators (PAs) to comply with Guidelines on Regulation of PAs & PGs

RBI extends timeline for non-bank Payment Aggregators (PAs) to comply with Guidelines on Regulation of PAs & PGs

Public Policy
April 1, 2021 391 0

On 31 March, the Reserve Bank of India (RBI)  extended the timeline for non-bank PAs by six months to ensure compliance with the Guidelines on Regulation of Payment Aggregators and Payment Gateways (PA/PG Guide...


 Seeking Inputs: TRAI Consultation Paper on Licensing Framework for Satellite-based connectivity for low bit rate applications

Seeking Inputs: TRAI Consultation Paper on Licensing Framework for Satellite-based connectivity for low bit rate applications

Public Policy
April 1, 2021 38 0

The Telecom regulator last month issued a consultation paper on “Licensing Framework for Satellite-based connectivity for low bit rate applications”.  Given the high growth potential and wider application of low bit applicati...


Submission on SEBI’s consultation paper on review of provisions related to Independent Directors

Submission on SEBI’s consultation paper on review of provisions related to Independent Directors

Public Policy
April 1, 2021 37 0 images

Securities and Exchange Board of India (SEBI) recently released a consultation paper to solicit public comments on review of provisions relating to Independent Directors (IDs) under SEBI (Listing Obligations and Disclosure Require...


Extension of Foreign Trade Policy and Handbook of Procedures by 6 months

Extension of Foreign Trade Policy and Handbook of Procedures by 6 months

Public Policy
March 31, 2021 43 0

On 31 March 2021, DGFT notified the extension of Foreign Trade Policy 2015 – 2020 (FTP) and Handbook of Procedures 2015 – 2020 (HBP) by 6 months, i.e., till 30 September 2021. Moreover, please note the following:  N...


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