The ninth month of 2021 has begun from today. September 1 means some changes and new rules are going to come into effect from today. These changes relate to GST returns, Aadhaar linking from PF UAN, Rajdhani train, and bank transactions. All these rules relate to the everyday life of the general public. In this case, you should know about these rules which will change from 1st September. So let us know what is changing from today.
New rule on GST returns from September 1:-
In view of the decline in GST collection, the government is gearing up to crack down on late tax depositors. The government has said that in case of delay in payment GST, interest on net tax will be levied from September 1. In case of delay in payment of Goods and Services Tax, they will charge interest on total tax liability from September 1. 46,000 crores on delay in payment GST. The interest was levied on total liability. The Council will meet on September 19 to revise GST rates and other issues. The meeting may consider the lack of compensation cess and compensation payments.
Aadhaar linking must be done with PF UAN:-
Employees' Provident Fund Organisation has made EPF account mandatory to link PF account and Universal Account Number (UAN) with Aadhaar number. The last date for linking it was August 31. That is, if you did not link your PF account to the Universal Account Number (UAN) number by Tuesday, you may face problems in depositing money from the company in your account. The last date for linking the two has already been extended twice.
Punjab National Bank reduces interest rate:-
According to a report on Punjab national bank's official portal here, the interest rates of savings account will be cut from September 1. PNB has decided to reduce interest rates on savings accounts from 3 percent annually to 2.90 percent. The decision of Punjab National Bank will have an impact on both new and old customers of the bank.