July 1 is set to go into history books, and not only for the Goods and Services Tax (GST). Various other significant changes will occur from this date.
Here is a rundown of changes that are becoming effective on July 1:
No documenting of I-T return without Aadhaar: The legislature has made it mandatory to specify Aadhaar for recording of number of recording of I-T return without Aadhaar: The administration has made it necessary to mention Aadhaar for recording of income tax return. Without Aadhaar, you won’t have the permission to record your arrival after July 1.
Connecting of Aadhaar with PAN winds up plainly obligatory: The govt. has likewise made it mandatory to interface Aadhaar with PAN to stop individuals utilizing multiple PANs to dodge charges. On the off chance that a person does not connect PAN and Aadhaar as commanded by Section 139AA of the Income Tax Act, their PAN could end up invalid.
No Aadhar? No PAN Card: Aadhaar a must for getting new PAN. You will not be allowed to get a PAN card after Saturday without your Aadhaar card.
No passport issued without Aadhaar card: Ministry of External Affairs has recorded Aadhaar card as one of the required archives for applying for a travel permit. So you won’t be allowed to get your passport without Aadhaar from July 1.
Linking PF account with Aadhaar: Employees’ Provident Fund Organization (EPFO) has made it obligatory to interlink PF account with Aadhaar by June 30. Pensioners are likewise made a request to outfit Aadhaar points of interest. As per EPFO, Aadhaar linking is relied upon to make the withdrawal and settlement prepare time considerably shorter, from existing 20 days to 10 days.
No concession on railway tickets: To plug misuse and spillages, Indian Railways have made it obligatory to cite Aadhaar from July 1 to get concessions on railroad tickets.
Scholarships for schools and colleges: HRD ministry has likewise issued a notice that school and undergrads, who need to get government grant or are now getting it, ought to provide Aadhaar details by June 30. From that point forward, grants would not be given to any students who don’t have Aadhaar.
No PDS benefit without Aadhaar: Public distribution benefits have been connected to Aadhaar. People should interface Aadhaar with ration cards before July 1 to get the whole PDS subsidy benefits.
No departure form for flyers from July 1: Indians flying abroad won’t be required to fill departure cards from July 1. The objective of this move is to guarantee hassle-free transport and decreasing the time required to finish migration conventions.
Expat tax in Saudi Arabia from July 1: Saudi Arabia is presenting a month to month expatriate levy on the wards of expatriates from July 1. The expense will be 100 riyals (around Rs 1,721) per subordinate this year. It will be multiplied to 200 riyals for each ward from July one year from now, tripled to 300 riyals in 2019 and quadrupled to 400 riyals from July 2020.
New curriculum for CA: Prime Minister Narendra Modi will launch on July 1 another syllabus for those who concentrate to wind up plainly contracted bookkeepers. The new syllabus is as per International training measures of the International Federation of Accountants and furthermore incorporates new tax collection framework, the GST.
Online visitor visa for Indians flying to Australia: The Australian government has reported that Indian guests can apply for a guest’s visa Internet beginning July 1. The online visa office is relied upon to secure the endorsement procedure.