1 August 2023 new rules: Many changes are going to happen across the country from tomorrow. Many new rules are going to be implemented from banks to income tax return and LPG cylinder.
1 August 2023: The new month is going to start from tomorrow i.e. 1 August. Many changes are going to happen across the country from tomorrow. Many new rules are going to be implemented from banks to income tax return and LPG cylinder. You also know about all these rules before the 1st date. Along with this, many bank FDs are also closing in the month of August, so you should know about that too.
Penalty will be imposed on filing ITR
If you have not filed income tax return till 31st July, then you will have to pay a heavy fine. July 31 is the last date to file ITR. From August 1, those who pay income tax will have to pay a fine of Rs 5000, so you should fill your ITR today itself. You can file ITR till 31st December with late fee.
This scheme of SBI will be closed
On behalf of SBI, customers are being given the opportunity to invest in the Amrit Kalash scheme. You have the chance to invest in this scheme only till 15 August 2023.
Invest in IDFC’s scheme till August 15
Apart from this, IDFC Bank is also going to close the Amrit Mahotsav FD available to its customers on 15 August. You can take advantage of this only till August 15, so invest before the last date.
Apart from this, RBI has told that banks will also remain closed for 14 days in the month of August. Due to many festivals, there will be more holidays in banks. If you also have any such work which cannot be completed without going to the branch, then complete it immediately.
Gas cylinder can be cheaper
Government oil companies review the prices of gas cylinders on the first of every month. The general public is hopeful that tomorrow oil companies can cut the prices of gas cylinders. Apart from this, there can be a change in the prices of CNG and PNG.
This change will happen regarding GST
According to the government’s announcement, from August 1, 2023, businessmen with a turnover of more than Rs 5 crore will have to give electronic invoices. In such a situation, it is necessary for the businessmen coming under the purview of GST to prepare an electronic invoice knowing in detail about the relevant rules.