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GST Update - Issue of Circular to clarify certain aspects relating to Dynamic QR Code

Public Policy
February 25, 2021 144 0 images

The Central Board of Indirect Taxes and Customs (CBIC) recently issued a Circular No. 146/02/2021-GST dated February 23, 2021 to clarify certain aspects related to applicability of Dynamic Quick Response (QR) Code on B2C invoicesI...


Blog

Request for Inputs: SEBI Consultation Paper on Introduction of concept of “Accredited Investors” in Indian securities market

Public Policy
February 25, 2021 117 0 images

Securities and Exchange Board of India (SEBI) has recently released a consultation paper to solicit comments from public on the proposal to introduce the concept of “Accredited Investors” in the Indian securities market.  Accredit...


Blog

Submission to MEITY for Revision of Wassenaar Arrangement Control List of Dual-Use Goods and Technologies

Public Policy
February 23, 2021 105 0

On 22 February 2021, NASSCOM submitted a proposal to Ministry of Electronics and Information Technology (MEITY) for the review of the Wassenaar Arrangement (WA) Control List of Dual-Use Goods and Technologies. In the proposal, we ...


Blog

NASSCOM Feedback on the Draft National Blockchain Strategy

Public Policy
February 17, 2021 89 0 images

[This blog has been co-authored with Indrajeet Sircar]The Ministry of Electronics and Information Technology (MeitY) has put together a very comprehensive and forward-looking draft of the National Blockchain Strategy (Draft Strate...


Blog

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

Public Policy
February 16, 2021 47 0

As you may be aware, the third meeting of Karnataka State Grievance Redressal Committee (GRC) was held on January 8, 2021 wherein NASSCOM raised some key issues highlighted by member companies. Pursuant to the meeting, GRC has sha...


Blog

Department of Science and Technology Releases New Guidelines for Geospatial Data and Geospatial Data Services

Public Policy
February 15, 2021 990 0 images

Earlier today, the Department of Science and Technology (DST) released its new Guidelines for Acquiring and Producing Geospatial Data and Geospatial Services Data (Guidelines).Recognising the potential value that can be unlocked f...


Blog

GST Update: SOP for implementation of the provision of suspension of GST registrations under newly inserted sub-rule (2A) of Rule 21A

Public Policy
February 15, 2021 79 0 images

Central Board of Indirect Taxes and Customs (CBIC) has issued Standard Operating Procedures (SOP) vide Circular no 145/01/2021-GST for implementation of provisions relating to suspension of registrations under newly inserted sub-r...


Blog

Submission to GST Policy Wing highlighting technical glitches being faced by e-commerce operators on the GST Portal while filing GSTR 8

Public Policy
February 10, 2021 89 0

As per S. 52(1) of Central Goods and Services Act, 2017 (CGST Act), every Electronic Commerce Operator (ECO) is required to collect tax at source on the net value of taxable supplies made through the e-commerce platform by other s...


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Submission to Department of Commerce on issues faced by DTA Suppliers w.r.t endorsement

Public Policy
February 10, 2021 2342 0

BackgroundSupplies to Special Economic Zones (SEZs) are treated as zero-rated supplies under S. 16(1) of Integrated Goods and Services Tax Act, 2017 (IGST Act). Further, S. 16(3) of IGST Act provides that a registered person can m...


Blog

Submission to Ministry of Finance to highlight issues Issues faced by non-resident e-commerce operators in undertaking compliances relating to Equalisation Levy

Public Policy
February 10, 2021 119 0

Background:EL was first introduced in India vide Finance Act (FA) 2016, with effect from June 1, 2016 which requires specified person making payment to non-residents (NR) for online advertisement and related services, to deduct EL...


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