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Latest India Tax News 15th November 2016

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  • Latest India Tax News 15th November 2016

    • Limits raised to exchange specified bank notes to Rs 4500,withdrawal from ATMs to Rs 2500, weekly withdrawal limit from bank accounts to Rs24000.RBI/2016-17/129.
    • Under GST Summary of invoices issued to be given in GSTR-1 and Every advance receipt against supplies shall get a transaction id which is to be mentioned against invoice issued later in GSTR-1.
    • ICAI has released the 5th Edition (November 2016) of the guidance note on report under Section 92E of the Income Tax Act, 1961.
    • No charges on use of ATM between 10.11.2016 to 30.12.2016,[ Circular no DPSS.CO.PD.No.1240/02.10.004/2016-2017].
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