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Sabka Vishvas (Legal Dispute Resolution) Scheme, 2019

Public Policy
August 19, 2019 1162 0 images

The Finance Minister in her maiden budget introduced Sabka Vishwas (Legacy Dispute Resolution) 2019 (LDRS) in order to “unload the baggage of more than INR 3.75 lakh crores blocked in litigation in service tax and excise and allow...


Blog

Policy Update: RBI changes NEFT timings, expands the scope of BBPS, among others

Public Policy
August 9, 2019 917 0

ContextOn 7 August, the Reserve Bank of India (RBI) announced a slew of policy measures aimed at accelerating the adoption of digital payments in the country. These include, revision of National Electronic Funds Transfer (NEFT) ti...


Blog

CBDT Clarification on start-up companies' assessment involving Sec 56(2)(viib) issue

Public Policy
August 8, 2019 1549 0 images

CBDT has recently issued Circular No. 16/2019 dated August 7, 2019 providing clarification on assessment of start-up companies involving application of Section 56(2)(viib) of the Income Tax Act, 1961. The clarification provides pr...


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Member Consultation: Draft e-Commerce Guidelines for Consumer Protection 2019

Public Policy
August 7, 2019 1108 0

On 2 August, the Department of Consumer Affairs under the Ministry of Consumer Affairs, Food & Public Distribution, issued draft guidelines on e-commerce for protection of consumers’ interest. It proposes a slew of consumer sa...


Blog

Policy Brief: Draft e-Commerce Guidelines for Consumer Protection 2019

Public Policy
August 6, 2019 1312 0 images

ContextOn 2 August, the Department of Consumer Affairs under the Ministry of Consumer Affairs, Food & Public Distribution, issued draft guidelines on e-commerce for protection of consumers’ interest. It proposes a slew of cons...


Blog

Requesting inputs on Consultation Paper on E-invoicing under GST

Public Policy
August 6, 2019 1790 0 images

As you might be aware, the GST Council in its 35th meeting held on June 21, 2019, had decided to introduce an Electronic invoice (E-invoice) on a voluntary basis from January 2020. The new system will lead to one-time reporting on...


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Member Update: KYC challenges faced by Prepaid Payment Instruments (PPIs)

Public Policy
July 30, 2019 2033 0

ContextThe fintech industry continues to grapple with challenges around e-KYC. The recent circular from Ministry of Finance, dated May 9, 2019, has been much appreciated by the industry. However, the same has been rendered ineffec...


Blog

Policy Update: Highlights of the Aadhaar and Other Laws (Amendment) Act, 2019

Public Policy
July 30, 2019 3100 0

ContextOn 24 July 2019, the Union Cabinet approved the amendments to Aadhaar and Other Laws (Amendment) Bill, 2019. The bill, which has become an Act, seeks to amend the Aadhaar (Targeted Delivery of Financial and Other Subsidies,...


Blog

Telangana Govt Exempts IT/ITeS Companies from key provisions of Telangana Shops and Commercial Establishment Act for period of 5 years

Public Policy
July 29, 2019 4427 0

The Government of Telangana recently issued a notification dated 25.07.2019, exempting all IT/ITeS companies in the State from the provisions of Section 15 (Opening and Closing Hours), Section 16 (Daily and Weekly Hours of Work), ...


Blog

Policy Brief: Highlights of the inter-ministerial committee’s report on virtual currencies

Public Policy
July 25, 2019 1324 0

ContextOn 2 November 2017, a high-level inter-ministerial committee headed by the then economic affairs secretary Subhash Chandra Garg was set up to study the issues related to virtual currencies and propose specific action to be ...


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