These new rules will lead to important modifications which is able to have an effect on nearly each person. Some of the necessary modifications are associated to Paytm Payments Bank, SBI Credit Card, FASTag KYC CNG and LPG costs, and many others.
Several new rules will come into impact from the primary day of March, which can be the final month of the present monetary yr. These new rules will lead to important modifications which is able to have an effect on nearly each person. Some of the necessary modifications are associated to Paytm Payments Bank, SBI Credit Card, FASTag KYC CNG and LPG costs, and many others.
Here’s the listing of modifications that can come into impact from March 1
Changes in GST rules
With the brand new GST pointers in place, any enterprise producing an annual turnover of greater than Rs 5 crore won’t be able to generate e-way payments with out together with e-invoices for all their B2B transactions.
FASTag KYC
The National Highway Authority of India (NHAI) has prolonged the deadline for updating KYC for FASTag customers until March finish. Before this, NHAI had made it obligatory for FASTag customers to replace their KYC particulars. If not accomplished, banks could take into account FASTag accounts with un-updated info invalid.
SBI Credit Card
Starting from March fifteenth, the State Bank of India (SBI) is altering the minimal day invoice calculation course of on its bank cards. They’ve already despatched emails to notify their valued clients about this upcoming change.
Paytm Payments Bank
RBI prolonged the deadline for Paytm Payments Bank and the operational ban on its companies to March 15, 2024. It is suggested that each clients and retailers shift their accounts to various banks earlier than the due date. Following directives, Paytm Payments Bank had been ordered to cease its companies after February 29.
Bank Holidays in March
Banks will stay closed for a complete of 14 days in March, together with March 8 (Mahashivratri), March 25 (Holi), and March 29 (Good Friday). The first vacation of the month is on March 1.
LPG, CNG, PNG Price
Prices for LPG cylinders, CNG, and PNG are topic to month-to-month fluctuations, often revised at first of every month. So, hold a watch out, the brand new costs may be introduced on March 1.
