What are the big changes happening from September, how much will it affect your pocket - know here

Publish Date:Sat, 28 Aug 2021 04:56 PM (IST)Author: Ashish Deep

September 1 is coming. With this, the second quarter of FY 22 will also start. On this date, bank customers will also get interest for the second quarter of FY 22 in savings accounts. Apart from this, GSTN has made some rules strict.

New Delhi, Business Desk. September 1 is coming. With this, the second quarter of FY 22 will also start. On this date, bank customers will also get interest for the second quarter of FY 22 in savings accounts. Apart from this, GSTN has made some rules strict. At the same time, the rate of LPG cylinder will also be reviewed. In view of the festive season, Indian Railways may start some new special trains or Pooja specials so that passengers do not face any problem in coming home. EPFO has also changed the rules regarding PF account. Let us know what changes will happen on September 1 and how much will it affect our pockets.

If GST return is not filed within two months

GSTN has said that businessmen who have not filed GSTR-3B return in the last two months will not be able to fill the details of outward supplies in GSTR-1 from September 1. Where companies file GSTR-1 for a month by the 11th day of the following month, GSTR-3B is filed in a sequential manner between 20-24th day of the following month. Business entities pay tax through GSTR-3B.

Remember this thing before deducting the check

RBI has implemented a new rule on issuance of checks from January 1, 2020. Most of the banks have adopted the RBI's Positive Pay System. Now from September 1, Axis Bank is implementing this rule here. Under this, the customer will have to inform the bank before issuing a check for a large amount. This is a step in the direction of checking check fraud. The bank has started informing its customers about this.

PNB will cut interest

Punjab National Bank, one of the largest public sector banks in the country, is cutting interest rates on deposits in savings accounts. This deduction will be applicable from 1st September 2021. According to the information given on the official website of the bank, the new interest rate of the bank will be 2.90 percent per annum. The new interest rate will be applicable on existing and new savings accounts of PNB. Existing customers get 3% annual interest on PNB savings account.

EPFO has said that by August 31, if PF account holders do not link their UAN with Aadhaar, neither their employer will be able to make monthly contribution to the PF account nor the employee will be able to operate his PF account. Let us inform that EPFO ​​had made a new rule on 1 June 2021. Under this, it is mandatory for every employee to link Universal Account Number (UAN) with Aadhaar. Later its date was changed to 31 August.

According to personal finance expert and CA Manish Kumar Gupta, from September 1, the employee's PF will be deducted, but the employer's contribution will be deposited only for those employees whose PF account has been linked with Aadhaar. In such a situation, the premium of Employee Deposit Linked Insurance ie EDLI of the employee will also not be able to be deposited. That person will also be out of the insurance cover. Let us tell you that under EDLI, the PF account remains insured and on this, an insurance cover of maximum Rs 7 lakh is available in case of accident to the employee.

Puja Special Train of Indian Railways

Indian Railways may announce some new trains so that passengers can have convenience in commuting. For this, he can increase the frequency of some special trains. Also some Puja special trains can also run according to the demand.Indian Railways.

Rate Revision of LPG Cylinder

The rate of LPG cylinder is revised every 15 days. On September 1, oil companies will also review its rate. In July and August itself, oil companies had increased the price of domestic LPG by Rs 25-25.