Personal Finance
Changes in these rules from September 1 will directly impact common people as their day-to-day lives depend on them.
Updated : Aug 30, 2021, 01:13 PM IST | Edited by : Riddhima Kanetkar
August 2021 is coming to an end in three days and September begins but with the month changing, certain rules will be changed starting September 1 like Aadhaar-PAN linking, LPG cooking gas prices, among others.
These changes are sure to affect the day-to-day lives of people. So, today let us tell you about all the rules that are going to change starting September.
SBi has issued a notification for its customers where they have asked all account holders to link their PAN cards with their Aadhaar card by September 30, 2021. If the deadline is not met by the end of next month, then all the facilities that you now enjoy will be deemed inactive.
LPG Cooking Gas Prices
The price of LPG cooking gas may go up in September. before this, the price was increased on August 18 by Rs 25 per cylinder. With the prices changing every month since July, it is expected that they will rise again in September 2021.
Starting from September, if your UAN (Universal Account Number) and Aadhaar card are not liked then your employer will not be able to credit any money to your provident fund (PF) account. To implement this new rule, the Employees' Provident Fund Organization (EPFO) recently revised Section 142 of the Code of Social Security 2020. If you want to enjoy the benefits of your retirement fund then it is mandatory to link your Aadhaar Card with your PF account.
GSTR-1 Filing Guidelines
The Goods and Service Tax Network (GSTN) have said that starting September, Rule-59(6) of Central GST Rules for the filing of GSTR-1, will come into effect. The rule specifies that any registered person who has not filed returns in Form GSTR-3B will not be allowed to file the GSTR-1 form.
Cheque Clearance
According to the new guidelines by the Reserve Bank of India (RBI), if anyone is issuing a cheque of Rs 50,000 and above or Rs 5 lakh and above then they will need to inform the bank beforehand otherwise the check will bounce. This rule was introduced under RBI's Positive Pay System which had come into effect on January 1, 2021.