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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 39 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...


RBI extends timeline for compliance with directive on processing of e-mandate for recurring transactions

RBI extends timeline for compliance with directive on processing of e-mandate for recurring transactions

Public Policy
March 31, 2021 146 1

On 31 March, the Reserve Bank of India (RBI) decided to extend the timeline for processing of recurring online transactions by six months. The new deadline for stakeholders to migrate to the framework for processing of such t...


NASSCOM: OSP Reforms Impact Survey 2021

NASSCOM: OSP Reforms Impact Survey 2021

Public Policy
March 31, 2021 45 0

Dear all, As you are aware, the Department of Telecommunications (DoT) on November 5, 2020 introduced new guidelines for Other Service Providers (OSPs). The guidelines that are based on the principle of trust and self-regulatio...


GST Update - B2C QR code extended by 3 months

GST Update - B2C QR code extended by 3 months

Public Policy
March 31, 2021 36 0

Central Board of Indirect Taxes and Customs (CBIC) issued Notification no. 06/2021- Central Tax dated March 30, 2021 extending the applicability of Dynamic QR Code on B2C invoices from April 1, 2021 to July 1, 2021....


Update - Extension of upfront exemption from IGST for Export Oriented Units till March 31, 2022

Update - Extension of upfront exemption from IGST for Export Oriented Units till March 31, 2022

Public Policy
March 31, 2021 23 0

Central Board of Indirect Taxes and Customs (CBIC) issued Notification no. 19/2021- Customs dated March 30, 2021 extending the benefit of upfront exemption from Integrated GST and cess for Export Oriented Units (EOUs) fo...


Update: Amendments to Finance Bill, 2021 passed by the President

Update: Amendments to Finance Bill, 2021 passed by the President

Public Policy
March 30, 2021 52 0

The Finance Bill 2021 introduced vide Union Budget 2021-22 was recently approved by the President on March 28, 2021, with certain amendments.  Basis our review of the proposals introduced vide Finance Bill 2021 and fe...


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