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Update - Extension of upfront exemption from IGST for Export Oriented Units till March 31, 2021

Public Policy
March 26, 2020 812 0 images

Central Board of Indirect Taxes and Customs (CBIC) has recently issued Notification no. 16/2020- Customs dated March 24, 2020 extending the benefit of upfront exemption from Integrated GST and cess for Export Oriented Units (EOUs)...


Blog

Amendments to Finance Bill, 2020 passed by both Houses of Parliament

Public Policy
March 26, 2020 4245 0

Amidst the COVID-19 outbreak and lockdown in various states, the Finance Bill 2020 introduced vide Union Budget 2020-21 was passed by both Houses of Parliament, with certain amendments including relaxation of ‘deemed residency’ ru...


Blog

NASSCOM Policy Update: DoT issues standard format for sharing details of Extended Agent Position

Public Policy
March 24, 2020 339 0 images

Dear all,Pursuant to the DoT March 13, 2020 notification, many members approached NASSCOM highlighting the concerns related to different TERM authorities seeking different information of the “Extended Agent Position” (EAP). Subseq...


Blog

NASSCOM Survey on OSP T&C related to Work from home

Public Policy
March 24, 2020 387 0

Dear all,As you are aware, the Department of Telecommunications (DOT) vide notification (No. 18-5/2015-CS-I) dated 13th March 2020, has amended the Other Service Providers (OSP) terms and conditions related to WFH, which are as fo...


Blog

NASSCOM’s Representation to Ministry of Corporate Affairs on relaxation of provisions relating to maintaining time gap between two Board Meetings

Public Policy
March 24, 2020 701 0

As per section 173(1) of Companies Act, 2013, every company is required to hold minimum 4 meetings of its Board of Directors every year such that not more than 120 days shall intervene between two consecutive meetings.In view of t...


Blog

[Update] DGFT Issues GAICT Forms for Intra-Company Transfer of SCOMET Items

Public Policy
March 20, 2020 907 0

On 17th March, the Directorate General of Foreign Trade (DGFT), vide Public Notice No. 65/2015-20 issued proformae of application form (ANF 2 O (b)) and end use certificate (EUC) for implementation of Global Authorisation for Intr...


Blog

How to Comply With HIPAA Requirements in 2020

Public Policy
March 19, 2020 953 0

What Does HIPAA Stand For?A lot of entrepreneurs that plan to develop a healthcare app wonder what is HIPAA? HIPAA(Health Insurance Portability and Accountability Act) was designed to modernize the flow of healthcare information a...


Blog

COVID-19 update: Companies permitted to do virtual board meetings to approve financial statements etc.

COVID-19 Public Policy
March 19, 2020 1609 0

In a step to enable health safety and business continuity, Ministry of Corporate Affairs (MCA) has permitted companies to conduct virtual Board meetings for approval of annual financial statements, Board reports etc. This relaxati...


Blog

Overcoming 3 Common Misconceptions About Employee Provident Fund

Public Policy
March 18, 2020 453 0

Professionals nowadays are only bothered about spending hours on the workstation, reaching a higher position in the hierarchy and making huge bucks. But little do they know about the basics of corporate workflow and the SOPs being...


Blog

Let’s Give A Different Angle To Performance Appraisals

Public Policy
March 18, 2020 462 0

All the profit-driven organizations in the world define large and long-term goals for consistent business growth. And to attain these objectives they set and allocate brief targets for the employees to achieve on a daily, weekly, ...


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