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GST Update: Directors not 'company employees', salary/remuneration paid to them taxable under 'reverse-charge

Public Policy
June 11, 2020 393 0 Read Article Download Icon

The GST Policy Wing, Central Board of Indirect Taxes and Customs (CBIC) recently issued Circular 140/10/2020 – GST dated June 10, 2020 wherein it clarified the applicability of GST on Director’s remuneration paid by companies.To r...


Blog

Enabling long term work from home: MeitY set up Inter-Ministerial Working Group for IT/ITES Industry

Public Policy
June 11, 2020 1218 0 Read Article

Dear Members,Based on NASSCOM’s suggestion, an Inter-Ministerial Working Group  has been setup by MeitY under the Chairmanship of Mr. Ajay Sawhney, Secretary, MeitY to look into the requirements of the IT-ITeS sector to enable a l...


Blog

DGFT Eases Procedure for Revalidation of Export Authorisation for SCOMET Items

Public Policy
June 9, 2020 595 0 Read Article Download Icon

In response to NASSCOM’s representation to grant automatic extension of export authorisations for SCOMET items (expiring between March and June 2020), the Directorate General of Foreign Trade (DGFT) has issued Public Notice 10/201...


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GST: Request for details on FOC software imports from related party

Public Policy
June 9, 2020 506 0 Read Article

This is with reference to levy of GST on import of free of cost (FOC) services from related parties. We understand that there have been a number of enquiries initiated by GST authorities, particularly Directorate General of GST In...


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NASSCOM Submits its Recommendations on National Open Digital Ecosystems

Public Policy
June 5, 2020 1459 0 Read Article Download Icon

On 31 May, 2020 NASSCOM submitted its feedback to the Ministry of Electronics and Information Technology (MeitY) on the National Open Digital Ecosystems (NODE) Whitepaper.We provide below an overview of the key recommendations mad...


Blog

Definition of MSME revised

Public Policy
June 5, 2020 416 0 Read Article Download Icon

On 13th May, the Finance Minister made the first set of announcements, on the economic package. The measures focused on providing much needed liquidity infusion, esp for the MSME sector.As a part of these announcements, definition...


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NASSCOM's Point of View on Equalization Levy introduced vide Finance Act 2020

Public Policy
June 1, 2020 1935 0 Read Article

Equalisation Levy (“EL”) was introduced in India vide Finance Act 2016, subsequent Final Report of Organisation for Economic Co-operation and Development (“OECD”) dealing with tax challenges of the Digital Economy. The scope of EL...


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Startups and IT SMEs: Understanding Export Control Framework Related to Intangible Technology Transfer

Public Policy
May 30, 2020 1164 0 Read Article Download Icon

If you are a gadget geek, you may be aware that last year when the Google Pixel 4 and Pixel 4XL phones were launched worldwide, these models were not launched in India. The reason behind restricting the sale of the Google phones (...


Blog

Representation on The Occupational Safety, Health and Working Conditions Code, 2019.

Public Policy
May 29, 2020 578 0 Read Article

NASSCOM earlier this month made a detailed representation to the Government, highlighting the industry concerns on the proposed labour code on the Occupational Safety, Health and working conditions. Below is a brief summary of som...


Blog

[Update] DGFT Relaxes Procedural Requirements for SCOMET Applications

Public Policy
May 25, 2020 583 0 Read Article

The Directorate General of Foreign Trade (DGFT) has relaxed some procedural requirements for SCOMET export applications given the challenges which the industry is facing in export compliance due to the SARS-CoV-2 pandemic. The fol...


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