Soon after RBI notified that Rs 2000 currency notes would be introduced by the apex bank, a set of rumors emerged that these new notes would be embedded with nano-GPS chips will help locate the position of the currency via a satellite. However, Finance Minister Arun Jaitley dismissed rumours of GPS-enabled Rs 2000 notes. Further RBI […]
Revision in the procedure of cancellation and refund of value of Rs. 10,000/ and above for the PRS counter tickets booked from 09.11.2016 to 11.11.2016.
The government has decided to suspend payment of fees at toll plazas on all National Highways till the midnight of 11.11.2016. Instructions in this regard are being issued to all the concessionaries including BOT, OMT operators and other fee collection agencies.
Mutual funds and Intermediaries other than mutual funds may follow the following time lines in respect of uploading KYC data of the existing individual clients with CKYCR.
From 1st December 2016 service tax would be chargeable on online information and database access or retrieval [OIDAR] services provided by any person located in non-taxable territory
At international airports, for arriving and departing passengers, who possess specified bank notes, the value of which does not exceed five thousand rupees to exchange them for notes which are legal tender;
Banks shall remain open for public transactions on Saturday, November 12 and Sunday, November 13, 2016 as regular working days for transacting all business
Implementation of Scheme for Rebate of State Levies on Export of Garments, 2016 (ROSL Scheme) notified by Ministry of Textiles.
Protocol provides for internationally accepted standards for effective exchange of information on tax matters including bank information and information without domestic tax interest.
(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;
