News Update

We are deepening economic ties with India, says US official8 Dutch engineers build world’s longest bicycle - 180 feet, 11 inchesMake the amnesty equitableNon-bailable warrants keep piling up against Vijay Mallya; Latest comes in Rs 180 Cr loan default caseCBIC hikes Central Excise duty on crude to Rs 6000 per tonne w.e.f July 2Unpacking Legal Circulars: The Scoop on Warranty and GST ImplicationsAustralia hikes visa fees to USD 1600 for foreign studentsProposed Sec. 128A of GST Act - some ruminationsGovt notifies CBI Court in Kolkata u/s 43 of PMLACus - Uploading assessment order on portal is not sufficient compliance of intimation: HC‘Dangerous precedent’, says Biden on latest SC ruling on immunity to PresidentCus - If any refund arises out of any order passed by the Commissioner(A)/Tribunal, unless a stay order is obtained, refund must be granted after three months from the date of the order: HCNorth Korea claims its ballistic missile now capable of ferrying super-large warheadsST - Petitioner was subjected to pay tax for the services availed for generation of power - Since Notification 15/2017-ST has been struck down, respondent to refund tax already paid: HCUS Supreme Court grants part relief to Donald Trump in poll subversion caseST - Non-imposition of Penalty - Once it is a discretion to be exercised, there can be no substantial questions of law arising thereof: HCUS Economy to grow at 2.6% in 2024: OECDGST - Transitional Credit - Recording invoices in the books of account, extension of time allowed u/s 140(5) proviso - However, it does not provide date by which such application is to be filed: HCBIS developing hub to connect UPI with four ASEAN countriesGST - Exports - Refund of IGST - Broken rings and chains supplied for making jewellery - Value of gold sold by jeweller would be shown inclusive of what is received - Respondent has excluded such value while working out refund - Matter remanded: HCTsunami of e-Way bills indicates strong economic growth momentum: GovtGST - GSTAT was not constituted when petition was filed - Since constituted now, petitioner directed to exhaust alternate remedy by filing appeal before it: HCC-DAC partners with MosChip & Socionext for design of High Performance Computing ProcessorGoyal interacts with industry leaders at HyderabadIndia to be lead chair of Global Partnership on Artificial Intelligence
Untitled Document
Issue Date
Subject
Notification No
17-Dec-2016
For deposit of specified bank notes by the District Co-operative Central Bank as per RBI Directions
24-Nov-2016
Use of old notes - Deadline extended from Nov 24th to Dec 15th for certain exempted category
24-Nov-2016
Demonetization - Co-operative bank to be read as only "Urban Co-operative Banks and State Co-operative Banks"
21-Nov-2016
Govt notifies section 229 of FA, 2016 relating to FEMA for recovery of  penalty arrears
21-Nov-2016

Withdrawal of Legal Tender Character of the existing Bank Notes in the denominations of Rs. 500/- and Rs. 1000/- ( Updated as on November 21, 2016 )

Frequently Asked Questions

18-Nov-2016
Withdrawal of Rs 2.5 lakh allowed for marriage purpose
17-Nov-2016
Corrigendum of S.O. 3408(E) dated 8th November, 2016
17-Nov-2016
Cash withdrawal limit from bank account specified in case of farmers & wedding expenses
17-Nov-2016
Exchange limit for demonetized notes reduced to Rs. 2000; current account withdrawal limit made applicable to traders registered with APAC or mandis
14-Nov-2016
Promotion of payments through cards and digital means
14-Nov-2016

Govt restricts cash withdrawal to Rs. 50,000 a week, for current accounts in operation during last three months or more

14-Nov-2016

Govt extends time period for use of demonitized notes in case of specified transactions till 24.11.2016

13-Nov-2016
Corrigendum to S.O. 3408(E) dated November 8, 2016
13-Nov-2016
Increase in Withdrawal limit from ATMs & Exchange of money from banks
11-Nov-2016
Extension of date of specified notes for consideration as legal tender
10-Nov-2016
Relaxation for making payment of Tax and Utility bills
09-Nov-2016
Corrigendum to S.O. 3407 (E), dated November 8, 2016
09-Nov-2016
Corrigendum to S.O. 3409(E), dated November 8, 2016
09-Nov-2016

Govt prescribes use of demonitized notes for more transactions

08-Nov-2016
Denomination of 2000 rupee note
08-Nov-2016

Exemptions in respect of certain transactions where legal tender still has effect

08-Nov-2016

Exchange of Rs 500 and Rs 1000 rupee note from banks & ATMs

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