https://www.taxtmi.com/news?id=15417 Amendment increases monetary limits triggering mandatory PAN quotation to improve reporting of higher value transactions while moderating compliance burdens; PAN remains mandatory for sale or purchase of goods and services irrespective of payment mode when transactions exceed the prescribed threshold (previously two lakhs). The amendments were notified by S.O. No. 3545(E) dated 30th December, 2015 and take effect from 1st January, 2016. en-us Fri, 01 Jan 2016 09:36:14 +0530 Fri, 01 Jan 2016 09:36:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=15417 Amendment increases monetary limits triggering mandatory PAN quotation to improve reporting of higher value transactions while moderating compliance burdens; PAN remains mandatory for sale or purchase of goods and services irrespective of payment mode when transactions exceed the prescribed threshold (previously two lakhs). The amendments were notified by S.O. No. 3545(E) dated 30th December, 2015 and take effect from 1st January, 2016. News - Fri, 01 Jan 2016 09:36:14 +0530 https://www.taxtmi.com/news?id=15417