Rule Change: From May 1, many rules have been changed. LPG gas cylinder became cheaper by Rs 171, while there were major changes in other four rules.
From today the new month i.e. May has started. As there are some changes in the beginning of every month, similarly this time also some rules are changing from the first date. LPG prices have been cut. Changes in the rules related to Goods and Services Tax (GST) to Mutual Fund are going to be implemented from today. These are the things that are directly related to your finance, so know about the four major changes that will happen from May 1.
LPG price changes
Petroleum companies fix the prices of LPG cylinders on the first of every month. Companies have cut the prices of commercial LPG cylinders by up to Rs 171 this month as well. Commercial cooking gas cylinders have become cheaper by Rs 171.50 from Patna, Ranchi to Chennai. From today, the price of 19 kg commercial LPG cylinder in Delhi has gone up to Rs 1856.50. Earlier on April 1, the government had reduced the price of 19 kg commercial cylinder by Rs 91.50.
Changes in GST rules
Big changes are going to happen in GST for businessmen from May 1. As per the new rule, now for companies with a turnover of more than Rs 100 crore, the receipt of the transaction will have to be uploaded on the Invoice Registration Portal (IRP) within 50 days. It has been made mandatory. So far no deadline has been fixed for this work.
Mutual Fund KYC
Market regulatory body SEBI asked mutual fund companies to ensure that investors use the same e-wallet for investing in mutual funds, whose KYC is complete. Are. This rule will come into effect from May 1. After this, investors can invest only through e-wallets with KYC. For KYC, you have to provide your PAN number, mobile number and bank details. With all these details, a form has to be filled for KYC.
Big change for PNB customers
Punjab National Bank, one of the largest public sector banks in the country, has announced a change in the rules related to ATM transactions. The new rules will come into effect from May 1. If there is no balance in the account of the customers of Punjab National Bank while withdrawing money from the ATM, then after the failure of the transaction, GST will be taken from the bank side along with Rs.10. Punjab National Bank has given this information while issuing a notice on its website.
