Government withdraws exemptions given for the use of ₹ 500/- old notes, from the mid night of December 9, 2016, for making payments at railway ticketing counters, ticket counters of Government or Public Sector Undertakings buses for purchase of tickets; For making payments to catering services on board, during travel by rail; and For making payments for purchasing tickets for travel by suburban and metro rail services

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..... Government withdraws exemptions given for the use of ₹ 500/- old notes, from the mid night of December 9, 2016, for making payments at railway ticketing counters, ticket counters of Government or Public Sector Undertakings buses for purchase of tickets; For making payments to catering services on board, during travel by rail; and For making payments for purchasing tickets for travel by subur .....

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..... ban and metro rail services - News and Press Release Dated:- 10-12-2016 - News - Government has been reviewing the different operational aspects of the matters related to the cancellation of the legal tender character of old high denomination notes of ₹ 500/- and ₹ 1,000/-. There has been a declining trend in the receipt of these old currency notes of ₹ 500/- and ₹ 1000/- .....

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..... . Further, a number of steps have been taken for promoting digital transactions. Keeping the above in view, the exemptions that have been given for use of ₹ 500/- old notes, were re-examined by the Government and the following exemptions are, therefore, being withdrawn from the mid night of December 9, 2016: For making payments at railway ticketing counters, ticket counters of G .....

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..... overnment or Public Sector Undertakings buses for purchase of tickets; For making payments to catering services on board, during travel by rail; and For making payments for purchasing tickets for travel by suburban and metro rail services. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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