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Inviting comments on draft regulatory sandbox framework by RBI

Public Policy
April 24, 2019 796 0

The Reserve Bank of India (RBI) has proposed to set up regulatory sandboxes where startups can test new products, services or business models with customers in a live environment, subject to certain safeguards and oversight. Accor...


Blog

Member consultation: CBDT's draft rules on attribution of profits to PEs

Public Policy
April 24, 2019 1677 0

The CBDT has on 18.04.19 released draft rules (available here) on attribution of profits to permanent establishments. These would have widespread ramifications for multinational companies that are having sales in India or users in...


Blog

CBDT Extends CbCR deadline for constituent entities having parent entity in USA to April 30, 2019

Public Policy
April 10, 2019 947 0 images

Central Board of Direct Taxes (CBDT) has issued Circular no 7/2019 dated April 8, 2019 extending the due date for furnishing Country-by-Country Reports (CbCRs) to April 30, 2019 in respect of reporting accounting years ending up t...


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TRAI Open House Consultation on Regulatory Framework for Over the Top (OTT) Communication Services on 24th April 2019, Bangalore

Public Policy
April 9, 2019 8357 0

Pursuant to the Consultation Paper on Regulatory Framework for Over the Top (OTT) Communication Services published by Telecom Regulatory Authority of India (TRAI) earlier this year, the telecom regulator is now holding a open hous...


Blog

Impact of Supreme Court's recent ruling on 'basic wages' for computation of PF contributions

Public Policy
April 4, 2019 4326 0

The Hon’ble Supreme Court of India (“SC”) in its judgment dated February 28, 2019 has altered the long understood legal position relating to ‘basic wages’ for computing provident fund (“PF”) contributions under the Employees’ Prov...


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NASSCOM’s comments on the draft e-commerce policy

Public Policy
April 3, 2019 3222 0 images

NASSCOM has submitted comments on the draft policy released by the DPIIT, Ministry of Commerce on February 22, 2019 for public comments.Our feedback focuses on the scope and objectives of the policy and three key themes – consumer...


Blog

Seeking Inputs: TRAI Consultation Paper on Review of Terms and Conditions for registration of Other Service Providers (OSPs)

Public Policy
April 2, 2019 1486 0

The Telecom Regularity Authority of India  (TRAI) has recently published a consultation paper on registration of Other Service Providers (OSPs). The consultation paper aims to obtain views from the stakeholders on the review of th...


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NASSCOM Suggestions on Corporate Social Responsibility (CSR) provisions in Companies Act, 2013

Public Policy
April 1, 2019 1247 0 images

Nasscom has submitted its feedback to the High Level Committee on Corporate Social Responsibility-2018 (HLC-2018) formulated by Ministry of Corporate Affairs (MCA). The HLC-2018 had invited comments to review the existing corporat...


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NES Global: AAR Maharashtra rules that back-office operations will be considered as export of services

Public Policy
April 1, 2019 1068 0

A recent ruling by Authority for Advance Ruling (AAR), Maharashtra, in the case of NES Global Specialist Engineering Services Private Limited (the Applicant) has ruled that that back-office operations will be considered as export ...


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Customs notification: Extension of upfront exemption from IGST for Export Oriented Units till March 31, 2020

Public Policy
March 26, 2019 1321 0 images

Department of Revenue has issued notification no 9/2019-Customs dated March 25, 2019 to give effect to notification issued by Ministry of Commerce & Industry recently extending exemption from IGST and compensation cess to EOUs...


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