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Member Consultation: OECD’s Report on Pillar One Blueprint and Pillar Two blueprint to address tax challenges arising from digitalisation

Public Policy
October 15, 2020 354 0

OECD/G20 Inclusive Framework on BEPS (Inclusive Framework) has been working to develop a consensus based solution to address tax challenges arising out of digitalisation of the economy. In this regard, the Inclusive Framework has ...


Blog

Ban on usage of Diesel Generators : Representation to State Governments

Public Policy
October 14, 2020 1317 0

The Environment Pollution (Prevention & Control) Authority (EPCA) has directed the State/UT Governments in the National Capital Region (NCR) to implement measures under the “Very Poor” and “Severe Category” of the Graded Respo...


Blog

Submission to MoF requesting for extension of due dates for filing income tax returns and audits reports by companies for Financial Year 2019-20

Public Policy
October 12, 2020 1341 0

The due date for filing of income tax return for companies for Financial Year (FY) 2019-20 was extended to November 30, 2020. Furthermore, the due date for filing audit reports (such as tax audit report, transfer pricing audit rep...


Blog

Submission to SEBI on review of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Public Policy
October 9, 2020 461 0 images

In September 2020, Securities and Exchange Board of India (SEBI) had recently released a consultation paper to solicit public comments on proposed amendments to the SEBI (Listing Obligations and Disclosure Requirements) Regulation...


Blog

Update on issues raised by NASSCOM during second meeting of Karnataka Grievance Redressal Committee

Public Policy
October 8, 2020 291 0

As you may be aware, the second meeting of Karnataka State Grievance Redressal Committee (GRC) was held on 15 th September 2020 wherein NASSCOM raised some key issues highlighted by member companies. Pursuant to the meeting, GRC h...


Blog

GST: Seeking extension of timelines for various GST compliances for Financial Year 2019-20 and extension of timeline for filing annual returns

Public Policy
October 7, 2020 22683 0

GST law prescribes strict timelines for specified compliance to be adhered by the registered person on or before September every year. Non-compliance leads to financial repercussions. In this regard, some of the important timeline...


Blog

Submission to United Nations on discussion draft on inclusion of software in definition of royalties

Public Policy
October 2, 2020 689 0 images

During the 20th session of the United Nations (UN) Tax Committee (Committee) meeting held online from 22-26 June 2020, it was recommended by members that the Committee should focus its attention on amending the current definition ...


Blog

SARS-CoV-2: DoT extends the timelines for annual return by OSPs to 31.12.2020

Public Policy
October 1, 2020 280 0

Dear Members,On account of the challenges being faced by the industry due to ongoing pandemic, the Department of Telecommunications (DoT)  had recently extended the timelines for submission of annual return by Other Service Provid...


Blog

NASSCOM: Union Budget 2021-22: Industry consultations

Public Policy
October 1, 2020 283 0

The Union Budget 2021-22 consultations by the Ministry of Finance are round the corner. Basis the feedback received, we have prioritized the key issues to be raised to the Government along with the associated recommendations for t...


Blog

GST Updates relating to e-invoicing and extension in due date for filing annual return for 2018-19

Public Policy
October 1, 2020 1094 0 images

Changes relating to E-Invoicing: One-time relaxation in implementation of E-Invoicing – In view of the fact that some taxpayers have still not been able to implement e-invoicing in their ERPs, government has decided that inv...


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