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Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee Ordinance, 2019

Public Policy
March 26, 2019 3486 0 images

Maharashtra State government, vide Trade Circular No 9T of 2019 dated March 8, 2019 has promulgated the Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee Ordinance, 2019 with a view to reduce arrears of tax, ...


Blog

Request for suggestions on SEBI report on issuance of shares with Differential Voting Rights (DVRs)

Public Policy
March 25, 2019 823 0 images

Securities Exchange Board of India (SEBI) has released a report on “Issuance of shares with Differential Voting Rights (DVRs)” for public consultation (attached).The Consultation Paper presents an analysis of evolution of DVRs mor...


Blog

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

Public Policy
March 21, 2019 5684 0 images

We are pleased to inform you that the benefit of upfront exemption from Integrated GST and cess for Export Oriented Units have been extended for a period of 1 year, i.e, till March 31, 2020.  In this regard, Ministry of Commerce &...


Presentation: Webinar on Recent Supreme Court Ruling on Basic Wages for the Purpose of PF Contributions , March 19th 2019

Presentation: Webinar on Recent Supreme Court Ruling on Basic Wages for the Purpose of PF Contributions , March 19th 2019

Public Policy
March 20, 2019 2165 0 images

This presentation is based on Webinar on Recent Supreme Court Ruling on Basic Wages for the Purpose of PF Contributions that was held yesterday.  


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India-US Bilateral exchange agreement for CbCR - finalized

Public Policy
March 19, 2019 1066 0 images

Ministry of Finance has issued a Press release dated 15 March, 2019 stating that a bilateral agreement has been finalized between India and US for exchange of Country-by-Country Reports (CbCR). The proposed agreement will apply re...


Blog

Karnataka Comprehensive Karasamadhana Scheme, 2019: Arrears of penalty and interest under State taxes

Public Policy
March 16, 2019 9902 0 images

Karnataka State government, vide Order NO. FD 9 CSL 2019 dated February 21, 2019 has approved Comprehensive Karasamadhana Scheme, 2019 with a view to reduce the arrears arising out of the enactments administered by the Commercial ...


Blog

Deadline to submit comments on draft e-commerce policy extended to 29th March

Public Policy
March 12, 2019 1321 0

The Department for Promotion of Industry and Internal Trade (DPIIT) released a draft national e-commerce policy (‘draft policy’) on 23rd February. The deadline to submit stakeholder comments on the draft policy has bee...


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Government allows work from home to all employees of SEZ unit

Public Policy
March 11, 2019 5141 0 images

After series of deliberations and Government engagements by NASSCOM, I’m glad to share that the work from home provisions are amended by Ministry of Commerce in line with our recommendations. Please find attached the SEZ amended R...


Blog

GST Circular on Sales promotion scheme

Public Policy
March 11, 2019 1586 0 images

Glad to share a recent circular issued by CBIC providing clarifications on treatment of sales promotion schemes under GST vide Circular No.92/11/2019-GST dated 7 March 2019.  NASSCOM had participated in the industry consultation c...


Blog

Issue of notification by CBDT to give effect to DIPP notification dated February 19, 2019

Public Policy
March 6, 2019 1216 0 images

On March 5, 2019, Central Board of Direct Taxes (CBDT) issued a notification (no.13/2019) to give effect to February 19, 2019 notification issued by DPIIT stating the provisions of Section 56(2)(viib) of the Income Tax Act shall n...


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