Only two days are left for the month of April to end. After this the month of May will start. In which some important rules have been changed.
Big changes will happen from May 1: Only two days are left for the month of April to end. After this the month of May will start. At the beginning of every month there are changes in some rules which can directly or indirectly affect your life. Some of these changes will also affect the public’s pocket. Let us know about them in detail. Following are the changes in some important rules-
- Changes in Banking Rules – At the beginning of the initial financial year of the banks, they have to follow new rules. This brings into force new rules for your bank account such as new interest rate and deduction rules.
- Changes in government rules – Every month the government can announce new rules which can have a direct impact on your daily life. These may include new tax policies, housing regulations, trade policies, etc.
- Changes in company rules – Changes in the rules and regulations of companies force them to do it every month. This does not affect you directly.
CNG-PNG prices
CNG and PNG prices change on the first date or first week of every month. The change in CNG and PNG prices in Mumbai and Delhi is usually done by petroleum companies in the first week of every month. This change can be seen in other cities as well, but they may happen on different dates. The price of PNG in Delhi is Rs 48.59 per SCM. The new prices have come into effect from April 9. Indraprastha Gas Limited has also cut CNG prices in Noida, Greater Noida and Ghaziabad. If you live in Noida, Greater Noida or Ghaziabad, you will need to update yourself with the new prices.
GST rules
There has been a change in the rules of GST and the new rules will be effective from 1st May 2023. The new rule is that it will be mandatory to upload the receipt of any transaction on the invoice registration portal within 7 days. This rule is for Goods and Service Tax (GST) i.e. GST turnover for companies with Rs 100 crore or more. Earlier also there were some changes in GST like change in tax rates, new registration rules and others. It is very important to follow these new rules because if a person or company does not follow the new rules then they may have to pay fine.
Gas cylinder price
The LPG company had reduced the prices of commercial gas cylinders in April 2023. As per the discount recorded on this cylinder, the cost of this cylinder was Rs 2253 in Delhi and it was converted to Rs 2028. Due to this, there has been a relief of Rs 225 in the price of this cylinder in Delhi in a year.
Permit Fee for E Rickshaw
It is great news that the Government of India will not charge permit fees for e-rickshaw owners to make this service cheaper and more available to them. This will not only increase the income of e-rickshaw drivers, but also reduce traffic in cities, help combat climate change and improve urban living. E-rickshaw service helps people to meet their needs and they get more cheap and easily than other public vehicles.
Bank Holiday
If you have any work related to the bank, then you can get it done immediately. Banks have 12 days holidays in the month of May. Banks are going to remain closed for a total of 12 days in different parts of the country. However, on bank holidays, you can easily settle your work through mobile or net banking. Apart from this, you can transfer money through net banking or mobile banking.
SEBI Rules
Recently, SEBI has made another change in its rules according to which stock brokers and resolution member clients can no longer pledge their clients’ funds or assets with banks. This means that stockbrokers or resolution member clients can no longer exercise control over their clients’ assets. This is to ensure that customers’ money and assets are used only as per their permission. This change has been made in order to safeguard the money and assets of the clients and will protect the clients from loss of their assets by the stock broker or resolution member client.
There will be a charge for withdrawing money from ATM
If you are an account holder of Punjab National Bank and you withdraw money from ATM, then you will need to pay additional charges from 1st May 2023 if there is not enough money in your account. This additional charge will be applicable along with GST for your ATM transactions. You will have to pay additional charges which will be deducted from your bank account. If you don’t have enough money in your account then you should have already deposited enough money in your account to avoid this rule. This can help you avoid additional charges.
