Category Archives: Notifications

Govt waives service tax on card payments up to Rs. 2,000 in a single transaction

By | December 10, 2016

Government waives service tax charged while making payments through credit card, debit card, charge card or any other payment card; waiver limited to payments up to Rs. 2,000 in a single transaction When a customer uses a credit card, debit card, charge card or any other payment card for payment of his purchase of goods… Read More »

Old Rs 500 Bank notes can not be used w.e.f 10.12.2016 for Certain Transactions

By | December 7, 2016

As per the Following Notification Dated 7.12.2016 following are omitted w.e.f 10.12.2016 i.e  specified Bank Notes of Rs 500  can not be used for following Payment w.e.f 10.12.2016 :- (b) at railway ticketing counters and ticket counters of Government or Public Sector Undertaking buses for purchase of tickets;” (l) for making payments to catering services… Read More »

Minimum Import Price of Iron and Steel under Chapter 72 of ITC – Date Extended

By | December 5, 2016

MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) NOTIFICATION New Delhi, the 3rd December, 2016 No. 31/2015-2020 Subject : Continuation of Minimum Import Price (MIP) on 19 HS Codes of Iron and Steel under Chapter 72 of ITC (HS), 2012 –Schedule – 1 (Import Policy): amendment in import Policy Conditions.… Read More »

National Highways Fee collection : pre-paid payment instruments allowed

By | December 3, 2016

MINISTRY OF ROAD TRANSPORT AND HIGHWAYS NOTIFICATION New Delhi, the 2nd December, 2016 G.S.R. 1114(E).—In exercise of the powers conferred by section 9 of the National Highways Act, 1956 (48 of 1956), the Central Government hereby makes the following rules further to amend the National Highways Fee (Determination of Rates and Collection) Rules, 2008 namely:-… Read More »

Income Tax Exemption u/s 10(46) to Maharashtra Electricity Regulatory Commission

By | December 3, 2016

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 1st December, 2016 S.O. 3605(E).—In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, the ‘Maharashtra Electricity Regulatory… Read More »

Action against bank officials carrying out irregular transactions

By | December 2, 2016

Action taken in cases of bank officials involved in carrying out irregular transactions violative of RBI’s instructions post demonetisation of Specific Bank Notes by the Government w.e.f. midnight of 8th November 2016 Pursuant to the decision of the Government to demonetise Specified Bank Notes w.e.f. midnight of 8th November 2016, Banks have done commendable work… Read More »

Exemption from fitment of speed governor to certain transport vehicles till 31.01.2017

By | December 2, 2016

MINISTRY OF ROAD TRANSPORT AND HIGHWAYS NOTIFICATION New Delhi, the 1st December, 2016 S.O. 3604(E).—In exercise of the powers conferred by clause (a) of sub-section (3) of section 110 of the Motor Vehicles Act, 1988 (59 of 1988), the Central Government hereby exempts the transport vehicles notified by the State Government under sub-rule (2) of… Read More »