Cash rule adjustments from July 2025: A set of economic guidelines will probably be applied from July 2025 onwards, which is prone to have an effect on people and companies throughout India.
The revised UPI chargeback guidelines, new Tatkal practice ticket reserving norms, and the requirement to have Aadhar to use for a PAN card are a number of the money guidelines and initiatives that will probably be applied from July 2025 onwards.
Take a look at the necessary cash rule adjustments beginning July 2025 that every one people and companies should know:
UPI chargeback guidelines
Nationwide Cost Company of India (NPCI) just lately introduced adjustments to UPI chargeback guidelines, with the goal of simplifying the method.
As per the current system, when a chargeback request is denied, largely as a result of quite a few claims, even in reliable instances, the financial institution is required to contact NPCI to whitelist the case by way of the UPI Reference Complaints System (URCS).
In keeping with the announcement on June 20, 2025, NPCI’s intervention will not be required in such cases. Monetary establishments could immediately classify genuine declined chargebacks as eligible for reprocessing with out awaiting approval from NPCI.
Aadhaar obligatory for brand spanking new PAN playing cards
Aadhaar card will grow to be obligatory to use for a brand new PAN card from July 1, 2025, onwards. Earlier, any legitimate ID card and a beginning certificates had been required to use for a PAN card. Nonetheless, from July 1, 2025 Aadhaar verification will grow to be a mandatory step, in response to the Central Board of Direct Taxes (CBDT).
Tatkal ticket reserving guidelines
From July 2025, a number of Tatkal ticket reserving guidelines will come into impact. Aadhaar verification will grow to be obligatory for Tatkal practice tickets by way of the web site of IRCTC or its cellular app from July 1, 2025, onwards.
One-time password (OTP) will probably be mandatory for Tatkal practice ticket bookings from July 15 onwards, which implies that prospects will obtain a code on their units whereas reserving the tickets. OTP authentication will probably be wanted for Tatkal tickets booked at computerised Passenger Reservation System (PRS) counters as properly.
Indian Railways has launched a time restriction for authorised ticketing brokers, the place they can not ebook Tatkal tickets throughout the first half-hour after the reserving window opens. The restriction window for AC-class Tatkal tickets is from 10:00 am to 10:30 am, and for non-AC-class Tatkal tickets, it’s from 11:00 am to 11:30 am.
GST return submitting guidelines
The Items and Providers Tax Community (GSTN) on June 7, 2025 introduced that the month-to-month GST fee kind GSTR-3B will grow to be non-editable from July 2025 onwards.
Moreover, taxpayers is not going to be allowed to file their GST returns after the expiry of a interval of three years from the due date, GSTN acknowledged.
The impacted varieties include GSTR-1, GSTR-3B, GSTR-4, GSTR-5, GSTR-5A, GSTR-6, GSTR-7, GSTR-8, and GSTR-9.
HDFC Financial institution bank card charge, reward adjustments
HDFC Financial institution has introduced new bank card charges and updates to its rewards program, which can take impact on July 1. These adjustments embody a 1% charge on month-to-month spends of greater than ₹10,000, utility invoice funds of greater than ₹50,000, on-line gaming transactions of over ₹10,000, hire funds, gas funds of ₹15,000, and education-related funds made through third-party apps. These costs are capped at ₹4,999.
Moreover, no reward factors will probably be obtainable for on-line skill-based gaming transactions, month-to-month restrict on insurance coverage reward factors.
