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27/07/2026

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19/07/2026

17/07/2026

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GARG PATHKIND COLLECTION CENTER ETAH ROAD SHIKOHABAD

18/06/2026

21/05/2026

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07/10/2024

*Major Overhaul: Public Provident Fund (PPF) Rules Effective October 2024*

The Indian government has introduced significant changes to the Public Provident Fund (PPF) rules, effective from October 2024. These changes aim to streamline the scheme, enhance flexibility, and align it with contemporary financial needs.

*Key Changes:*

*Increased Investment Limit*: The annual investment limit in PPF has been raised from ₹1.5 lakhs to ₹2.5 lakhs.

*Flexible Withdrawal Options*: Partial withdrawals allowed from the 3rd year onwards, instead of the 7th year.

*Loan Facility*: Loan facility available from the 3rd year to the 5th year, with reduced interest rates.

*Nomination Rules*: Nomination mandatory for accounts opened after October 2024.

*Account Closure*: Premature closure allowed after 5 years, subject to conditions.

*Interest Calculation*: Interest calculated on the lowest balance between the 5th and the last day of the month.

*Premature Withdrawal*: Premature withdrawal allowed for specific purposes (e.g., education, medical emergencies).

*Online Services*: Online facility for opening, investing, and withdrawing from PPF accounts.

*Other Important Aspects:*
- *Tax Benefits*: PPF continues to offer tax benefits under Section 80C.
- *Maturity Period*: The maturity period remains 15 years.
- *Extension Options*: Account extension options remain unchanged.

*Implications and Benefits:*
- Increased investment limit attracts more investors.
- Flexible withdrawal options enhance liquidity.
- Reduced interest rates on loans make borrowing more attractive.
- Mandatory nomination ensures smoother succession.

*Effective Date:* These changes come into effect from October 1, 2024.

*Action Items:*

- Review existing PPF accounts and adjust investments accordingly.
- Consider taking advantage of increased investment limits.
- Familiarize yourself with new withdrawal and loan facilities.

24/09/2024

Archival of GST Returns data on GST portal

Sep 24th, 2024

1. Section 39 (11) of the CGST Act, 2017 , implemented w.e.f 01-10-2023 vide Notification No. 28/2023 – Central Tax dated 31th July, 2023, provides that the taxpayers shall not be allowed file their GST returns after the expiry of a period of three years from the due date of furnishing the said return.

2. Further, as per GST portal data policy, data for view of taxpayer to be retained for seven years only. Therefore, the same data policy is being implemented on the GST portal. Thus, return data will not be available to view beyond 7 years for taxpayers.

3. Accordingly, on 01st August 2024 return filed for July 2017 has been archived and on 01st September 2024, data for August 2017 has been archived. Further, this data archival is going to be a monthly activity hence on 01st October, 2024 data of September 2017 shall be taken down from the GST portal and so on so forth.

4. Hence, hereby the taxpayers are advised to download their relevant data from the GST portal for any future reference, if required.

Thanks,
Team GSTN

16/09/2024

💡 Rs 5 Lakh Health Cover for Seniors Under Ayushman Bharat: A Lifeline for the Elderly!

✅ Good news for senior citizens!

The Union Cabinet has approved health coverage of ₹5 lakh for all individuals aged 70+ under the Ayushman Bharat PM-JAY scheme.

This groundbreaking move is set to benefit millions, ensuring better healthcare access for our elders, especially in their most vulnerable years. 👵👴

🏥 Key Points:

- Coverage for all seniors aged 70+, regardless of socio-economic status.
- Families already enrolled under AB PM-JAY can now enjoy this additional top-up.
- Health coverage shared among senior family members, making it a step towards inclusive healthcare.

However, challenges remain—many top private hospitals haven’t registered yet, raising concerns about access to advanced medical care.

🏥 The government aims to resolve this by ensuring timely payments and encouraging more hospital participation. 🔄

This is a big step toward securing healthcare for India’s aging population. 🌟

Let's make sure our elders get the care they deserve! 💖

05/09/2024

*Advisory on Reporting of supplies to un-registered dealers in GSTR1/GSTR 5
Sep 3rd, 2024*
Vide Notification No. 12/2024 – Central Tax dated 10th July, 2024, the Government has reduced the
threshold limit for reporting of invoice wise details of inter-state taxable outward supplies made to
unregistered dealers from 2.5 Lakh to 1 Lakh which needs to be reported in Table 5 of Form GSTR-1
and Table 6 of GSTR-5. In accordance with the new legal provisions, this change is currently under
development on the portal and would be available to the taxpayers shortly.
Further, till the time the functionality is made available on portal, it is advised to continue reporting the
invoice wise details of taxable outward supplies to unregistered dealers which are more than 2.5 Lakhs in
the Table 5 of Form GSTR-1 and Table 6 of GSTR-5.