Payment Systems (RTGS, NEFT, Cheque Clearing, Repo, CBLO and Call markets) shall remain open on Saturday, November 12 and Sunday, November 13, 2016.
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.
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.
(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;
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’.
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.
