Many changes take place in the country from the first day of every month. The month of May has started from today. Many changes have occurred since the first date in May. This will directly affect the pocket of the common man.
These changes include many things from GST rules to ATM transactions etc. Now, companies must upload the electronic invoice to the IRP within seven days after the electronic invoice is issued.
The PNB ATM transaction failure will also be charged from today. Brokers may not take bank guarantees of clients’ money. At the same time, Tata and Audi increased the prices of their vehicles. Let us tell you about the changes starting today.
Detail of Update ATM Rule Changed:-
Punjab National Bank (PNB) customers are in for a big surprise. If a PNB customer does not have money in their account and makes a transaction from an ATM and it fails, the bank will charge for this transaction. Rs 10 and GST will be charged separately on such transactions. The information in this regard has been given by sending messages to customers on behalf of the bank. Apart from this, a notice has also been issued on the bank’s website. This rule will take effect from May 1, 2023.
Tata Motors again increased the prices of cars:-
In terms of sales, the country’s number 3 automotive company, Tata Motors, announced that it will increase the prices of all its cars and their models. The company is increasing the prices of all its models by up to 0.6 percent. Tata has raised prices for the second time this year. Audi is also going to increase the prices of its vehicles. The Q3 and Q3 Sportback luxury SUVs will see a price increase of up to Rs 1 lakh. The Audi Q8 Celebration, Audi RS5 and Audi S5 will all see price increase of up to Rs 4 lakh.
Receipt will have to be uploaded in 7 days
Businesses whose total turnover is Rs 100 crore or more will now have to upload the e-invoice i.e. receipt to the Invoice Registration Portal i.e. IRP within 7 days from 1st of May. Until now there was no such deadline.
GST Network said that to ensure timely compliance, taxpayers who are within the prescribed billing threshold will not have the ability to report bill loads older than seven days. Those who do not do so will not be able to take advantage of the Supported Tax Credit, that is, the ITC.