Government will waive service tax on debit and credit card transactions of up to Rs 2,000 in a bid to promote digital transactions amid cash crunch following withdrawal of old Rs 500 and 1,000 banknotes.Starting today, you will not be charged any service tax when you use your credit or debit card for upto Rs. 2,000.The exemption is part of the government’s all-out initiative to steer the country away from a cash economy to digital transactions.
Month: December 2016
Know your due dates for statutory complianace – December, 2016
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Dec-16 |
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| DATE | COMPLIANCE REQUIRED | FORM NO. / CHALLAN NO. |
| 06-12-16 | EXCISE: E-PAYMENT OF EXCISE DUTY FOR NOVEMBER 2016 |
GAR 7 |
| SERVICE TAX: E-PAYMENT OF SERVICE TAX FOR NOVEMBER 2016 BY CORPORATES | ||
| 07-12-16 | INCOME TAX: DEPOSIT OF TDS/TCS COLLECTED DURING NOVEMBER 2016 |
281 |
| INCOME TAX: DUE DATE FOR FURNISHING OF CHALLAN-CUM-STATEMENT IN RESPECT OF TAX DEDUCTED UNDER SECTION 194-IA IN THE MONTH OF NOVEMBER 2016 |
26QB |
|
| 10-12-16 | EXCISE: MONTHLY RETURNS FOR PRODUCTION AND REMOVAL OF GOODS AND CENVAT CREDIT FOR NOVEMBER 2016 |
ER 1 |
| EXCISE: MONTHLY RETURNS OF EXCISABLE GOODS MANUFACTURED & RECEIPT OF INPUTS & CAPITAL GOODS BY UNITS IN EOU, STP, HTP FOR NOVEMBER 2016 |
ER 2 |
|
| EXCISE: MONTHLY RETURNS OF INFORMATIONS RELATING TO PRINCIPAL INPUTS FOR NOVEMBER 2016 BY MANUFACTURER OF SPECIFIED GOODS WHO PAID DUTY>=RS. 1 CRORE DURING FY 2015-16 BY PLA/CENVAT/BOTH |
ER 6 |
|
| 15-12-16 | KERALA VAT: MONTHLY RETURNS OF EVERY DEALER WHOSE ANNUAL NET TAX PAYABLE FOR THE PRECEDING YEAR WAS RS.10 LAKHS & ABOVE FOR THE MONTH OF NOVEMBER 2016 |
10, 10B, 10C, 10D, 10E, 10F |
| INCOME TAX: QUARTERLY TDS CERTIFICATE IN RESPECT OF TAX DEDUCTED FOR PAYMENTS OTHER THAN SALARY BY ANY PERSON FOR THE QUARTER ENDED 30TH NOVEMBER 2016 |
16 |
|
| INCOME TAX: THIRD INSTALLMENT OF ADVANCE INCOME TAX |
280 |
|
| EPF: PAYMENT OF EPF CONTRIBUTION FOR NOVEMBER 2016 |
27EQ |
|
| EPF: CONSOLIDATED STATEMENTS OF DUES AND REMITTANCES UNDER EPF AND EDLI FOR NOVEMBER 2016 |
12A |
|
| EPF: MONTHLY RETURNS OF EMPLOYEES WHO JOINED/LEFT THE ORGANISATION IN NOVEMBER 2016 |
5/10 |
|
| 20-12-16 | KERALA VAT: MONTHLY RETURNS OF EVERY DEALER WHOSE ANNUAL NET TAX PAYABLE FOR THE PRECEDING YEAR WAS MORE THAT RS.2 LAKHS AND LESS THAN RS.10 LAKHS FOR THE MONTH OF NOVEMBER 2016 |
10, 10B, 10C, 10D, 10E, 10F |
| CST/TN VAT: MONTHLY RETURNS AND PAYMENT OF CST AND VAT COLLECTED DURING NOVEMBER 2016 IF THE MODE OF PAYMENT OF VAT AND CST IS BY CASH/CHEQUE/DD |
FORM 1 / FORM I |
|
| 21-12-16 | ESI: DEPOSIT OF ESI CONTRIBUTIONS AND COLLECTIONS FOR NOVEMBER 2016 | |
| 22-12-16 | INCOME TAX : DUE DATE FOR ISSUE OF TDS CERTIFICATE FOR TAX DEDUCTED UNDER SECTION 194-IA IN THE MONTH OF NOVEMBER 2016 |
16B |
| 25-12-16 | KERALA VAT: MONTHLY RETURN OF EVERY DEALER WHOSE ANNUAL NET TAX PAYABLE FOR THE PRECEDING YEAR WAS LESS THAN RS.2 LAKHS FOR THE MONTH OF NOVEMBER 2016 |
10, 10B, 10C, 10D, 10E, 10F |
| 30-12-16 | DEMONETIZATION: LAST DAY TO DEPOSIT OLD RS.1000 & RS.500 CURRENCY NOTES WITH BANKS | |
| 31-12-16 | INCOME TAX: DUE DATE FOR DEPOSIT OF TAX DEDUCTED AT SOURCE UNDER SECTION 194-IA FOR THE MONTH OF NOVEMBER 2016 |
26QB |
| TNVAT: DUE DATE FOR FILING AUDIT REPORT FOR THE FINANCIAL YEAR 2015-16 |
WW |
|
| KERALA VAT: DUE DATE FOR FILING AUDIT REPORT FOR THE FINANCIAL YEAR 2015-16 |
13 |
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Relax, you can still use your old Rs 500 notes at these places till Dec 15
Old Rs 500 rupee can be used for payment of utility bills, school fees, pre-paid mobile top-up
Source: Relax, you can still use your old Rs 500 notes at these places till Dec 15
