LPG, vehicle registration, PAN-Aadhaar linking, bank interest rates to see THESE changes in September - Take a look

With September comes many changes for the common man living the common life. These changes relating to the banking sector, financial and other sectors will have an effect on the budget and lifestyle of people.

To know and understand these changes is important as they will affect the daily lives and families of the common man. 

Here is a list of rules that will take place in September 2021: 

Change in GST:

The Goods and Services Tax Network (GSTN) has stated that Rule-59(6) of Central GST Rules which provides for restriction in the filing of GSTR-1, will come into effect from September 1, 2021. According to this, the registered person shall not be allowed to furnish the details of outward supplies of goods or services or both in Form GSTR-1 if it is already mentioned in Form GSTR-3B for the preceding two months.

Change in PF:

The government has made it mandatory for citizens to link their Aadhaar card with PF accounts starting September 1. If an individual fails to do so then they might not be able to use all the benefits of the EPF. What will happen is that the account holder will be able to get their share but not the employer's share. 

In the same way, one has to link their Aadhaar to their PAN, the new deadline is September 30. 

Increase in LPG Prices:

The price of the LPG gas cylinder has been by Rs 25 making it a total of Rs 884.50 in the national capital and Mumbai. The price of the LPG in cities like Kolkata and Chennai has increased up to Rs 911 and Rs 900.5.

Bharat series (BH-series) for vehicles: 

The Ministry of Transport has introduced a new registration mark for new vehicles i.e. "Bharat series (BH-series)" which is supposed to make the transfer of vehicles from one state to another seamless. 

Change in PNB savings account:

Punjab National Bank has decided to reduce its rate of interest on saving deposits from September 1 to 2.90 per cent per annum. This new rat eof interest will be applicable to both existing and new accounts.