As June draws to a close, several important regulatory changes are on the horizon — all set to roll out on July 1, 2025. These updates span across UPI transactions, PAN card applications, Tatkal railway ticket bookings, and GST compliance, directly impacting millions of Indians.
The government’s aim? Greater transparency, tighter security, and improved user experience. Let’s unpack the key updates you should be aware of before the new rules take effect.
UPI Chargeback Process Gets Faster, Easier
One of the most impactful changes involves Unified Payments Interface (UPI) transactions. From July 1, banks will be able to process legitimate chargeback claims without waiting for clearance from the National Payments Corporation of India (NPCI).
Until now, if a chargeback request was denied, banks needed explicit NPCI approval for a reattempt. The new mechanism removes that bottleneck, promising faster resolution and a more efficient redressal system for UPI users.
Aadhaar Now Mandatory for New PAN Card Applications
Planning to apply for a new PAN card? Get your Aadhaar card ready, because starting July 1, it becomes a mandatory document.
Currently, applicants can use various forms of identification. But in an effort to curb identity fraud and streamline verifications, Aadhaar-based validation will now be compulsory.
New Tatkal Ticket Booking Rules on IRCTC
Frequent train travelers, take note: Tatkal ticket booking procedures are being tightened.
From July 1, Aadhaar verification will be required to book Tatkal tickets via IRCTC’s website and mobile app. And starting July 15, an OTP-based verification step will also be introduced at the time of booking.
Additionally, authorized booking agents will no longer be allowed to reserve Tatkal tickets during the first 30 minutes of the booking window. This move is intended to ensure fair access to the public and prevent mass ticket hoarding by agents.
GST Filing Deadlines to Be Enforced Strictly
Changes are also coming to the way businesses handle GST returns. The Goods and Services Tax Network (GSTN) has confirmed that no retrospective filings will be allowed after three years from the due date of a return.
From July onward, taxpayers won’t be able to modify or file older returns for several key forms, including GSTR-1, GSTR-3B, GSTR-4, and others. This update is meant to encourage timely compliance and reduce discrepancies in tax filings.