Rule Change: Domestic gas prices may increase from May 1? There will be changes in many rules including GST, read full report
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Today is the last day of the month of April. The month of May will start from tomorrow. Some rules change at the beginning of every month. These changes have a direct impact on your daily life. In such a situation, it is important for you to know what changes are going to happen in the coming month. Otherwise, it is possible that you will have to face the problem due to lack of information. Let us know what rules are changing from tomorrow.
GST rule changing from May 1: From May 1, a big update is coming in Goods and Service Tax i.e. GST. Actually, GST network has changed the rules regarding transactions. The new rule will come into effect from 1 May 2023 and it will be necessary for businessmen to follow it. According to GSTN, from May 1, it will be necessary to upload the receipt of any transaction on the Invoice Registration Portal (IRP) within seven days. Changes have been made in the rules for timely compliance of GST compliance.
KYC Mandatory in Mutual Funds: If you are thinking of investing in mutual funds, then the change that is taking place from May 1 is also special for you. KYC will be mandatory for mutual funds from May 1. Market regulator SEBI has said that mutual fund companies have been instructed to take care that investors invest in mutual funds only through e-wallets with KYC.
Wood and gas money will not have to be paid for funerals from May 1: To prevent pollution on the Rapti river at Gorakhpur Rajghat in Uttar Pradesh, cremation arrangements will be made free of cost. The Municipal Corporation will make arrangements for wood and gas free of cost. Here people will be able to perform the last rites of their relatives in wood, gasifier and gas based plants. Here people will only have to register the dead body, for which a fee of Rs 200 will have to be paid.
Tomorrow i.e. on Monday we will enter the month of May. This month, many such festivals will come in the country which will also be place specific. In such a situation, there will be a holiday for different banks in different parts of the country. According to the holiday list of Reserve Bank of India in May 2023, banks will remain closed for 12 days including Sunday, second and fourth Saturday. There will be total 5 holidays in the month of May on account of State Day and Jubilee.
There will be a change in the price of gas: At the beginning of the month, the petroleum company also fixes the prices of the gases. In the beginning of April, the prices of LPG commercial gas cylinders were reduced. The government had reduced the prices of 19 kg commercial cylinder by about Rs 92. However, no change was seen in the prices of domestic cylinders. It is expected that tomorrow also the price of gas will be changed.
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