Daily Archives: November 13, 2016

Date extended for Annual life certificate for Govt Pensioners to 15.01.2017

 The last date for submission of the annual life certificate for the Government Pensioners which is to be submitted in November every year has been extended up to January 15, 2017. Source Ministry of Finance13-November, 2016 Finance Ministry reviews the position regarding availability and distribution of all denomination of bank notes in different parts and regions… Read More »

Cheques / DD not accepted by Businessmen , What to do ? Answer

It has been reported that certain business houses viz. Hospitals , Caterers , Tent houses etc. are not accepting Cheques/Demand Drafts and online payment transfer from customers. It is advised that in such cases customer can make a complaint to the concerned District Magistrates/District Administration for action against such establishments. Source Ministry of Finance13-November, 2016 Finance… Read More »

Cash Withdrawal limit Increased to Rs 24000, ATM limit increased Rs 2500

Finance Ministry reviews the position regarding availability and distribution of all denomination of bank notes in different parts and regions of the country; Issuance of the new series of Rs. 500/- notes commenced; Instructions issued to the Banks and Post Offices to ensure proper distribution of all denomination notes including small denominations up to the… Read More »

Service Tax on online sale of Digital Contents in India w.e.f 01.12.2016

Service Tax on online Sale of Digital Contents in India w.e.f 01.12.2016 Withdrawal of exemption from service tax on cross border B2C OIDAR services provided online/electronically from a non-taxable territory to consumers in taxable territory in India-reg. At present services received in taxable territory in India from outside the taxable territory by Government, a local… Read More »

Govt. Closely monitoring receipt of fake currency notes in Banks -Post Office;

Government agencies are closely monitoring receipt of fake currency notes in Banks and Post Office; Special watch is being kept receipt of fake notes in the States bordering our neighbouring countries. One of the primary objectives of cancellation of legal tender character of old series of Rs.500/- and Rs.1000/- notes was to check the menace… Read More »