Check the rules which are changing from September 1

Check the rules which are changing from September 1

These rules are going to create a direct impact on everyone's life.
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From the LPG to banking, a lot is changing.

One must be aware of these rules as these changes are linked with finance and other sectors. 

Some rules are changing from September 2021 onwards which are very likely to impact a person’s life. These rules must be checked and taken care of as one wouldn’t want to miss out on the important things in life.

These new rules are connected to provident fund, Aadhar card, LPG, banking, GST and Google apps. Let us see each of these in detail.

Linking of Aadhar and Provident Fund (PF)-PF and Aadhar are to be linked, deadline for which is September 30. The deadline was earlier fixed at June 30 but it has now been extended to September end. From 1st September, the employers will only be able to deposit money into the PF account if the UAN (universal account) is linked to the Aadhar. The subscribers can avail this benefit if they have completed the linking process. The Employees’ Provident Fund Organization (EPFO) has revised the Section 142 of the Code of Social Security 2020 and this change will affect several benefits, including contributions towards your pension fund.

PAN and Aadhar linking- All account holders are supposed to link their PAN cards to Aadhar cards latest by September 30th. If the PAN and Aadhar are not linked, then the identification card and the facilities connected with it will be inactive.

Cheque clearance- A Positive Pay System has been initiated as per which customers issuing high value cheques need to inform the bank about it providing all relevant details of the cheques. The absence of the details and verification will result in bouncing of the cheque.

GSTR-1 Filling guidelines- Rule 59(6) of the Central GST Rules will come into effect from 1st September. As per the new rules, a registered person won’t be allowed to file the GSTR-1 form if they have not filed the returns in Form GSTR-3B for the preceding tax period.

LPG- The prices of LPG cylinder will change again in September 2021.

Google App restrictions- Google is about to add new restrictions in its Family Policy Requirements on identifiers used in apps that target children.

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