Rules Change: The first date of New Year will affect your pocket, these 5 rules will change
This is big news for you. The year 2022 will be completed in counting days and the new year will begin. Preparations have begun to welcome the year 2023, but this new year will bring some big changes (Rule Changes 2023) from day one. Which will directly affect your pocket. That is why it is very important for you to be aware of these changes. We are talking about five such major changes, ranging from LPG cylinder price (LPG Price) to bank locker rules (Bank Locker Rules).
Rules Change: This is big news for you. The year 2022 will be completed in counting days and the new year will begin. Preparations have begun to welcome the year 2023, but this new year will bring some big changes (Rule Changes 2023) from day one. Which will directly affect your pocket. That is why it is very important for you to be aware of these changes. We are talking about five such major changes, ranging from LPG cylinder price (LPG Price) to bank locker rules (Bank Locker Rules).
Start the new year with change-
The first date of every month brings with it many changes but the changes that occur before the year are more noticeable, from which the whole year can be estimated. Among the major changes from January 1, 2023, are the prices of gas cylinders, CNG and PNG (CNG-PNG price). Along with this, as per the RBI guidelines, there are going to be changes in the rules related to bank lockers. While HDFC is going to change the reward points rules on its credit cards, the limit for GST e-invoicing is going to come down.
First Change: GST Invoicing Rules-
From January 1, 2023, the GST e-invoicing or electronic bill rules are going to change. The government has reduced the limit of Rs 20 crore to Rs 5 crore for e-invoicing. This rule is going to be implemented from the first day of 2023. With the implementation of this rule, it will now be necessary to generate electronic bills for businessmen who have an annual turnover of more than five crores. This rule will directly affect traders.
Second Change: Bank Locker Rules-
According to the new guidelines announced by the Reserve Bank of India (RBI), the rules related to bank lockers are going to change from January 1, 2023. After the implementation of the new rules, the banks will be restricted and they will not be able to arbitrarily deal with the customers regarding the bank lockers. After this, the liability of the banks will increase because if the customer's belongings kept in the locker are damaged due to any reason, then the responsibility will be with the bank. Customers will have to sign an agreement with the bank by December 31, through which customers will be informed about changes in locker rules through SMS and other means.
Third change: Buying a vehicle is expensive!
If you are also planning to buy a car for yourself or your family in the new year, you may have to spend more. From the start of 2023, companies like Maruti Suzuki, MG Motors, Hyundai, Renault to Audi and Mercedes are going to increase the prices of their vehicles. Tata has also announced a price hike for its commercial vehicles from January 2023.
Fourth Amendment: Credit Card Rules-
Private sector bank HDFC has decided to change the rules of its credit card (HDFC Bank Credit Card), which will be effective from 1 January 2023. If you are using this bank's credit card, it is important for you to be aware of this change. In fact, the reward points rule on HDFC credit card payments is going to change. It would be better for you to redeem all your reward points by 31 December 2022.
Fifth Change: LPG-CNG-PNG Prices-
A big decision on LPG cylinder-CNG-PNG prices may be taken at the beginning of the new year. Oil and gas companies change prices on the first of every month. But the common man hopes to get relief from the government in the new year. The reason for this is that crude oil prices have been falling for some time now. Due to this, the price of petrol-diesel (petrol-diesel prices) may also decrease in the country in the new year.
New rule for phone companies-
Along with these five major changes, a new rule will come from 1 January 2023 for phone manufacturing companies and their import-export companies as well. Under this, registration of IMEI number of every phone will be required for companies. Department of Telecommunication has made this preparation to prevent cases of tampering with IMEI. Registration of phones coming to India with foreign tourists will also be mandatory.
Rules Change: The first date of New Year will affect your pocket, these 5 rules will change
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