Daily Archives: December 12, 2016

RBI denies Rumours on Axis Bank licence cancellation

Date : Dec 12, 2016 The Reserve Bank of India today clarified that it has not initiated any action to cancel the banking licence of Axis Bank in the wake of certain allegations about some serious irregularities in transactions relating to deposit/exchange of Specified Bank Notes in a few branches of the bank. The clarification… Read More »

Category: RBI

Tax Practice Manual for CAs, Advocates, Corporate Executives and Accountants

TAX PRACTICE MANUAL for CHARTERED ACCOUNTANTS, ADVOCATES, CORPORATES EXECUTIVES & ACCOUNTANTS Paperback – 2016 Link to Buy Book  Chapter 1        Commentary on the Finance Act, 2016 Chapter 2        Taxation Chapter 3        Audit Report Formats Chapter 4        Guidance on Tax Audit Chapter 5        Service Tax Chapter 6        GST — Teaser Chapter 7        RTI Chapter 8        Management… Read More »

Service Tax Exemption Notification for Rs 2000 Transactions through Cards

Seeks to amend exemption notification No. 25/2012-ST dated 20.06.2012 so as to exempt services by an acquiring bank, to any person in relation to settlement of an amount upto two thousand rupees in a single transaction transacted through credit card, debit card, charge card or other payment card service [TO BE PUBLISHED IN THE GAZETTE… Read More »

Steps for Migration of Chandigarh VAT dealers to GSTN portal

Steps for Migration of Chandigarh VAT dealers to GSTN portal CHANDIGARH ADMINISTRATION EXCISE AND TAXATION DEPARTMENT No. 3402 Dated 05.12.2016 CIRCULAR Subject: Migration of existing dealers to GST portal-Reg. 1. The Government of India is in the process of implementing Goods and Services Tax (GST) on pan India basis. As a precursor to the introduction… Read More »

Steps for Migration of Punjab VAT dealers to GSTN portal

 Migration of Punjab VAT dealers to GSTN portal Steps for Migration of Punjab VAT dealers to GST In light of this, every dealer will be required to login to the GST Portal i.e www.gst.gov.in from 16th December, 2016 onwards. This facility is available till 31st December, 2016. Provisional Login Ids and Passwords will be provided by… Read More »

Banks Branches directed to ensure Deposit Slips reflects Old or New Currency

Press Information Bureau Government of India Ministry of Finance 11-December-2016 16:56 IST The Ministry of Finance through a letter to all the MDs &CEOs/CMDs of PSBs and Chairman, IBA directs that all the bank branches in the country be alerted to reflect correctly the cash deposit in old and new currency and inform the customers… Read More »