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Archive: 14 November 2016

Posts in 14 November 2016

Live Course on Appeal, Pleading & Drafting under GST by CA Sachin Jain

May 15, 2024 6459 Views 0 comment Print

oin us for an immersive live course led by renowned expert CA Sachin Jain, as we delve into the intricacies of appeal, pleading, and drafting under GST.

DCCB Banks can pay existing customers in cash upto ₹ 24,000 a week

November 14, 2016 1774 Views 0 comment Print

It is clarified that District Central Cooperative Banks can allow their existing customers to withdraw money from their accounts upto ₹ 24,000/- per week upto November 24, 2016.

Cash withdrawal limit for Current Accounts Rs. 50000- Separate Slips- More ATMs

November 14, 2016 5959 Views 1 comment Print

The current account holders (applicable to Current Accounts which are operational for last three months or more) are allowed to withdraw up to ₹ 50000 in a week. Such tenders will be disbursed predominantly in ₹ 2000 denomination only.

No charges on use of ATM between 10.11.2016 to 30.12.2016

November 14, 2016 2098 Views 0 comment Print

Banks shall waive levy of ATM charges for all transactions (inclusive of both financial and non-financial transactions) by savings bank customers done at their own banks’ ATMs as well as at other banks’ ATMs, irrespective of the number of transactions during the month.

No Change in ATM Cash withdrawal Limit from 19.11.2016

November 14, 2016 5593 Views 1 comment Print

Government has vide notification No. S.O. 3407(E) dated the 8th November, 2016 specified that cash withdrawal limit from Automatic Teller Machines shall be raised to Rs.4,000 per day per card from 19th November, 2016

Promotion of payments through cards and digital means

November 14, 2016 2953 Views 0 comment Print

Rs. 500 and Rs. 1000 denominations of banknotes of the existing series and any older series issued by RBI till 8th November, 2016 ceases to be legal tender under Section 26 of the RBI Act, 1934 on the expiry of 8th November, 2016.

Exemptions for acceptance of old Rs. 500 & 1000 notes to continue till 24.11.2016

November 14, 2016 9271 Views 0 comment Print

Existing exemptions for acceptance of old Rs.500/- and Rs.1000/- notes for certain types of transactions are being extended beyond 14th November, 2016 midnight up to 24th November, 2016 mid night.

Constitution of Task Force for enabling dispensation of new Banknotes

November 14, 2016 1219 Views 0 comment Print

It has become necessary to re-calibrate all ATMs/ Cash handling machines to dispense the new design notes following introduction of Mahatma Gandhi (New) Series Banknotes including a new High Denomination (₹ 2000) in new designs.

Entry tax levy upheld by the Supreme Court

November 14, 2016 16153 Views 3 comments Print

Supreme Court upheld constitutional validity of Entry tax imposed by States. A nine-judge Constitution Bench, overrules ‘compensatory tax’ theory propounded by 7 judges bench

Withdrawal of Service tax exemption on cross border online services

November 14, 2016 7936 Views 3 comments Print

Article explains Withdrawal of Service tax exemption on cross border B2C online information & database access or retrieval services w.e.f. December 1 2016

Cleaning Currency- A Surprising Swachh Bharat Abhiyaan!!

November 14, 2016 5011 Views 5 comments Print

Well, who in their wildest dreams would’ve thought that Swach Bharat Abhiyaan could even extend its broom to clean up money at such a macro-economic level?

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