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New rules will be applicable from today, huge impact on general public

The ninth month of 2021 has started from today. Some changes and new rules are going to be implemented from 1st September i.e. today. These changes are related to GST returns, PF UAN to Aadhaar linking, Rajdhani train and bank transactions. All these rules are related to the daily life of the general public. In such a situation, you should be aware of these rules which will change from 1st September. So let’s know what is changing from today.

New rule on GST returns from 1st September:-
In view of the fall in GST collection, the government is gearing up to crack down on late tax payers. The government has said that in case of delay in payment of GST, interest will be levied on net tax from September 1. In case of delay in payment of Goods and Services Tax, they will charge interest on the total tax liability from September 1. Interest on delayed GST payment was levied on the total liability. The council will meet on September 19 to revise the GST rates and other issues. The meeting may consider the reduction of compensation cess and payment of compensation.

Aadhar linking to be done with PF UAN:-
The Employees’ Provident Fund Organization has made EPF account mandatory for linking PF account and Universal Account Number (UAN) with Aadhaar number. The last date to link it was August 31. That is, if you have not linked your PF account with Universal Account Number (UAN) number till Tuesday, then you may face problems in depositing money in your account from the company. The last date for joining the two has already been extended twice.

Punjab National Bank reduced interest rate:-
According to a report here on the official portal of Punjab National Bank, savings account interest rates will be cut from September 1. PNB has decided to reduce the interest rates on savings accounts from 3 per cent per annum to 2.90 per cent. This decision of Punjab National Bank will have an impact on both new and old customers of the bank.

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