There are fresh updates every month. Many rules change at the beginning of the month, including those governing gas, CNG, and PNG prices. You must be informed of these changes as a citizen. In this circumstance, May 1, 2023, will also offer a lot of fresh changes that will directly affect your life. The regulations governing the GST will undergo several adjustments as a result of the shift in LPG cylinder prices. In addition, the laws governing transactions involving mutual funds and ATM cards will alter. In this case, you need to be aware of the new rules that have changed.
Revised GST rules
From May 1st, there will be significant changes to the GST regulations. Companies with a revenue of more than Rs 100 crore are required, starting on May 1, to upload the transaction receipt on the invoice registration portal within seven days of the transaction. It is currently required. Before, there was no established cap on this.
Cylinder for cooking gas
LPG cylinder prices began to fluctuate around the beginning of May. The government dropped the cost of a 19-kilogram LPG cylinder by Rs 91.50 last month. As a result, along with LPG cylinders, CNG and PNG prices will change starting on May 1.
Rules for ATM transactions
The policies governing the use of ATM cards will alter, according to Punjab National Bank. The new regulations will take effect on May 1. According to this rule, a customer of PNB is not permitted to use an ATM if there is no money in their account.
In this case, the bank will charge Rs 10 by adding GSAT after the transaction fails. On its official website, Punjab National Bank has provided information regarding this.
Read More: Find out how to change the photo and signature on your PAN card
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