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Archive: 09 November 2016

Posts in 09 November 2016

Notes of Rs. 500 & Rs. 1000 have been Banned

November 9, 2016 2398 Views 1 comment Print

Notes of 500 & 1000 banned from 09 November: – On 8th November, Central Government declared that notes of existing series of denomination of Rs. 500 and Rs. 1000 shall cease to be legal tender from the 9th November, 2016.

Let’s Know GST & Away The Fear

November 9, 2016 2656 Views 6 comments Print

New enrollment with help of GSTN # ropes New Act, New formats with new hopes New Arunodaya from new financial year Lets Know to GST and away the fear……

Use old 500 & 1000 notes on Toll Plaza, for LPG Cylinder etc.

November 9, 2016 12058 Views 0 comment Print

(i) for making payments in all pharmacies on production of doctor’s prescription and proof of identity; (j) for making payments on all toll plazas on the State and National Highways;(k) for payments on purchases LPG gas cylinders; (l) for making payments to catering services on board, during travel by rail;

Analysis of Government’s ‘Surgical strike’ against black money

November 9, 2016 3358 Views 1 comment Print

Government’s new directive that all the 500 and 1000 rupees notes that are currently in circulation will not be considered a legal tender effective midnight ,the 8th November 2016 , has been widely regarded as a historic move to combat the circulation and curbing of Counterfeit currencies.

Service Tax Payment & Compliance Liability for online service provided from non-taxable territory

November 9, 2016 4075 Views 1 comment Print

Compliance liability of service tax payment and procedure on to the service provider located in the non-taxable territory with respect to online information and database access or retrieval services provided in the taxable territory to ‘non-assesse online recipient’.

Service Tax on Online Services provided by person located in non-taxable territory

November 9, 2016 5089 Views 0 comment Print

Person located in non-taxable territory providing online information and database access or retrieval services to ‘non-assesse online recipient’, as defined therein, is liable to pay service tax and the procedure for payment of service tax.

Withdrawal of ST Exemption on online information & database access or retrieval services

November 9, 2016 5443 Views 0 comment Print

No Service Tax exemption on Services received from a provider of service located in a non- taxable territory on online information and database access or retrieval services received by Government, a local authority, a governmental authority or an individual in relation to any purpose other than commerce, industry or any other business or profession;

Amendment in place of provision of ‘online information & database access or retrieval services’

November 9, 2016 11563 Views 1 comment Print

Seeks to amend Place of Provision of Services Rules, 2012 so as to amend the place of provision of ‘online information and database access or retrieval services’ with effect from 01.12.1016.

Rs 500, 1000 Notes to be Void From Midnight, an Attempt to Curb Black Money

November 9, 2016 1864 Views 1 comment Print

The PM just announced that Rs. 500 and 1000 currency notes stand abolished from midnight, which is virtually with immediate effect.

15 Things to know – Ban on ₹ 500 & ₹ 1000 Banknotes

November 9, 2016 4162 Views 1 comment Print

Old High Denomination Bank Notes may be deposited by individuals/persons into their bank accounts and/or exchanged in bank branches or Issue Offices of RBI till the close of business hours on 30th December, 2016.

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