New Rules From 1 November 2023: These rules changed from today, changes in cylinder prices from GST challan, BSE...
Rule Change From 1st November 2023: The eleventh month of the year will start today. This month, there will be changes in many rules along with the deadlines of many financial rules. This change and deadline affect the pockets of the general public. Let us tell you that on the first of every month, LPG cylinder prices and ATF prices are revised.
Apart from this, there are deadlines for many financial rules every month. Come, let us know what financial changes are going to happen in the month of November.
LPG cylinder price
Government oil companies revise the prices of petrol and diesel every morning at 6 am. Well, similarly the prices of LPG, PNG, ATF, and CNG are revised on the 1st of every month. In such a situation, people were waiting for whether this time the government would cut or increase the cylinder prices.
Let us tell you that the government has increased the prices of commercial LPG gas cylinders by Rs 101.50. Now the new price of commercial LPG cylinders in Delhi has become Rs 1833. At the same time, domestic cylinder prices have been kept stable. The price of a domestic LPG cylinder in the capital Delhi is Rs 903.
Transaction Fee on Derivatives Segment
The Bombay Stock Exchange (BSE) had this month decided to increase the transaction charges on the equity derivatives segment on October 20, 2023. This charge will be imposed on S&P BSE Sensex. Its direct impact will be seen on retail investors.
Increase in windfall tax
After seeing the increase in crude oil prices in the global market, the government has decided to increase the windfall tax on petroleum crude. Apart from this, the windfall tax on diesel export and ATF has been reduced. Petrol has been kept out of the scope of this deduction. Currently, ATF prices have decreased by Rs 1074/KL.
The impact of this decline will not be visible on airfares. This is because fares have become expensive due to the demand for air travel in the country.
Banks will remain closed for 15 days in November
There are many festivals in the month of November. Because of this, banks will remain closed for about 15 days in the country due to many festivals. In such a situation, you should go to the bank only after checking the bank holiday list. If you do not do this then you may have to face problems.
KYC is mandatory
The Insurance Regulatory and Development Authority of India has made it mandatory for all insurance holders to get KYC done from November 1, 2023. If he does not do this, his claim may also be canceled. Apart from this they may have to pay some charges.
Changes in GST rules
Businessmen with a turnover of more than Rs 100 crore will have to pay their GST e-invoice after November 1, 2023. They will have to make this challenge within 30 days.