Like every month, many rules are going to change from October. Changing these rules will affect the consumers at large. Changing some of these rules can also increase the extra burden on your pocket. Therefore, it is important to be aware of these changes. The rules that are to be changed from the beginning of October include rules related to localization in credit-debit cards, the Atal Pension Scheme, changes in the prices of gas cylinders, and changes in the system of subsidy on electricity bills in Delhi.
Taxpayers will not be able to invest in Atal Pension Yojana
According to a notification issued by the Ministry of Finance, from October 1, 2022, taxpayers will not be able to join the Atal Pension Scheme. On the other hand, if you have a savings account in the post office, then you can apply under the Atal Pension Yojana. However, if you have already subscribed to this plan, then the new changes will not affect you. On the other hand, if you have subscribed to this scheme despite being a taxpayer, then in such a situation your money will be returned by closing the account. Explain that under this scheme, there is a provision to give pension benefits up to Rs 5000 to the subscriber.
Debit and credit card payment rules will change
According to the instructions of the Reserve Bank of India, the system of tokenization will be implemented in the process of debit and credit card payments from October 1. After the implementation of this system, merchants, payment aggregators, and payment gateways will not be able to save the information related to the card of the customers. The purpose of this exercise of RBI is to check fraud during card purchases.
Nomination is necessary for investing in mutual funds
If you also invest in Mutual Funds or wish to do so in the future, then it will be mandatory for you to give nomination information from October 1. Those who do not provide the nomination details will have to give a declaration stating that they do not want the facility of nomination. This rule was to come into force from August 1, but then it was decided to extend it to implement it from October 1.
Changes in the rules related to e-invoicing of GST
From October 1, e-invoicing will be mandatory for traders with a total turnover of Rs 10 crore and above under the Goods and Services Tax or GST. The government has reduced its limit from Rs 20 crore to Rs 10 crore to tackle the revenue deficit and collect more tax from the business world. An announcement in this regard said that the rules have been notified based on the recommendations of the GST Council.
New rules to get subsidy on electricity
The current rules applicable for subsidy on electricity bills in Delhi will change from October 1. Let us inform you that Chief Minister Arvind Kejriwal has announced that the subsidy on electricity will be stopped on August 31. This facility will be available only to those people who will apply for it. This means that if you want a subsidy on your electricity bill after October 1, then you will have to apply to the government for this.
LPG prices may change
LPG prices are reviewed by the central government at the beginning of every month. It is believed that after the review meeting to be held on September 30, the government can decide to increase the prices of gas like LPG, PNG, and CNG. If this happens, then the prices of domestic and commercial LPG cylinders may increase from October 1.
Covid-19 New Variant: Corona's new variant Pirola increases concern, Know everything from its symptoms to effects
COVID-19 New Variant: Corona epidemic remains a cause of panic among people. Crores of people across the world lost their lives due to this serious disease. The world has been battling the fear of
West Bengal: BSF's statement on Murshidabad violence- the situation is better now, but the attack was serious; Congress-BJP continue to attack Mamata
BSF has given the latest information about the situation in Murshidabad, West Bengal after the violence broke out. BSF South Bengal Frontier DIG PRO Niloptal Kumar Pandey said that yesterday the
India should first stop Russia-Ukraine conflict, supports PM Modi's talk about war: America
India has taken initiative several times to put an end to the Russia-Ukraine war. Prime Minister Narendra Modi advised the leaders of both Russia and Ukraine to find a solution through diplomacy and
Pakistan started pleading for talks with India, Shehbaz Sharif said- 'We now want to resolve all disputes'
After facing defeat in Operation Sindoor, Pakistan Prime Minister Shehbaz Sharif on Monday expressed his desire for peace talks with India to resolve all issues including Kashmir, terrorism, water,
Bigg Boss OTT 2: Jia Shankar upset after seeing the bonding of Manisha Rani and her father, the actress cried remembering the family
Bigg Boss OTT Season 2 is gaining immense popularity among viewers. Seeing the demand for the show, the makers extended it by two weeks. Apart from this, social media influencers like Abhishek Malhan
Bharat Jodo Yatra: Rahul's Bharat Jodo Yatra enters Maharashtra today, Pawar will be involved, doubts about Thackeray
Congress's Bharat Jodi Yatra proceeded from Telangana's Kamareddy district on Monday morning. The Yatra will enter Maharashtra from the Nanded district tonight. It will travel for about 14 days in
IND vs AUS : India suffered the biggest defeat while batting first, look at the records made in the second ODI
Australia defeated India by 10 wickets in the second ODI match played in Visakhapatnam on Sunday. This is India's biggest defeat in a domestic ODI match. Batting first, India scored 117 runs. In
India's nuclear power capacity increased by 40% in 8 years: Government told in Rajya Sabha, production reached 47,112 million units in 2021-22
The country's nuclear power capacity has increased by 40% in 8 years. Union Minister Jitendra Singh gave this information in the Rajya Sabha on Thursday. Singh said that there was a big jump in
Top moments of the third T20 match: Rohit did KISS on Karthik's helmet, Virat's school friend's celebration with Hitman
For an Indian cricket fan, every day is a memorable and happy day when Team India wins a match. The joy doubles when the series is won and that too against the World Champion. The entire match was
Ruturaj Gaikwad Asian Games: Ruturaj Gaikwad will lead the Indian team in the Asian Games, Shikhar Dhawan did not get the place
The Indian men's cricket team for the Asian Games has been announced. Under the captaincy of Ruturaj Gaikwad, Team India will present its challenge in the Asian Games for the first time. Earlier media
