The rules will change from September 1, keep these things in mind

Delhi, 28 August 2020, Friday

18 per cent interest will be charged on payment of GST

The government has said that if there is a delay in payment of goods and services tax (GST), interest will be charged on the total tax from September 1. Delays in GST payments earlier this year have led to concerns over the recovery of Rs 46,000 crore in arrears of interest. At the 39th meeting of the GST Council, it was decided that from 2017, interest would be charged for late payment of total tax GST.

Flight travel will be expensive

From September 1, flights will be expensive. The Ministry of Civil Aviation has decided to levy higher flight safety charges for domestic and international passengers from September 1. Because of this, passengers will now be charged Rs 160 instead of Rs 150. International travelers will be charged 5. 5.2 instead of 8 4.85.

The EMI load will increase, the moratorium will end

The burden on the pockets of customers paying EMIs will increase as the March ban on EMIs for loan customers due to the Koro crisis is coming to an end on August 31. A decision from State Bank of India and Punjab National Bank is expected next week. The position to take it further in the banking sector is not decided. Many loans like home, auto, personal loans have not been clarified.