1 September Rules to Change: Many rules change at the beginning of every month. Which affects our daily routine as well. From the next month i.e. from September 1, many rules including Aadhaar-PF, GST, LPG, check clearance are changing. Which is going to affect us and your everyday life as well as your pocket. Let us know what are the changes that are going to happen from September 1-
Aadhaar Card- PF Link
The Employees Provident Fund Organization (EPFO) has amended the rules of Section 142, Code of Social Security. Due to which linking of Aadhar card and PF account has now become mandatory. If you do not link Aadhar card with PF account, then from September 1, you will face many problems.
LPG Price
Companies can change the prices of LPG from September 1. In the month of July, the price of LPG cylinder was increased by Rs 25.50 and in August by Rs 25. So far this year, the prices of LPG cylinders have been increased by Rs 165.
GST R-1
The GSTN, which manages the technology facilities for the Goods and Services Tax (GST), has said in an advisory issued to taxpayers that Rule-59(6) under the Central GST Rules, will come into force from September 1, 2021. This rule provides for restrictions in filing GSTR-1.
As per the rules, if a registered dealer has not filed return in Form GSTR-3B during the last two months, then such registered person will not be allowed to file the details of supply of goods or services or both in Form GSTR-1. . Businesses who file quarterly returns, if they have not filed returns in Form GSTR-3B during the previous tax period, will also be barred from filing GSTR-1.
Axis Bank Check Clearance
The Reserve Bank of India had notified the new positive pay system for check clearance in the year 2020. It has come into effect from 1 January 2021. Many banks had already implemented this system. But Axis Bank is implementing it from 1st September 2021. The bank is informing its customers about this through SMS.
What is positive pay system
Positive Pay System is an automated tool that will check frauds through checks. Under this, the person who will issue the cheque will have to re-inform the date of the cheque, the name of the beneficiary, the payee and the payment amount electronically. The person issuing the check can give this information through electronic means like SMS, mobile app, internet banking or ATM. These details will then be cross-checked before check payment. If any discrepancy is found in this, payment will not be made by check and the concerned bank branch will be informed.
SBI Aadhaar PAN Link
State Bank of India has asked its customers to link their Aadhar card with their PAN card by September 30. If you are an SBI customer and do not complete this process, then you may face difficulties in various financial transactions.
