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Rule changes in March: Many changes take place in the country on the first date of every month and some rules have also changed from March 1, 2024. Which are related to your kitchen budget to driving on the road. That means these changes are going to have a direct impact on the common man. Under this, while the prices of LPG cylinders have increased from the first date, the last date of Fastag KYC has ended. Let us know what other changes have taken place in the country from today, which may impact your financial health.
LPG cylinder prices increased
On the first of every month, oil marketing companies revise the prices of LPG gas cylinders and from March 1, the companies have once again increased the price of 19 kg commercial gas cylinder. Meaning, there has been a huge shock of inflation on the very first day of March. This is the second consecutive month when the price of 19 kg gas cylinder has been increased.
According to the IOCL website, from March 1, a commercial cylinder will be available in the capital Delhi for Rs 1795 instead of Rs 1769.50, while in Kolkata this cylinder has now increased from Rs 1887 to Rs 1911. The rate of commercial cylinder in Mumbai has increased from Rs 1723 to Rs 1749, while in Chennai the cylinder which was available for Rs 1927 till now has become available at Rs 1960.50. However, this time also there has been no change in the prices of 14 kg LPG cylinder.
FASTag KYC deadline ends
The second change in the country from March 1 is for those driving on the road. Actually, the National Highway Authority of India (NHAI) had fixed February 29 as the last date for updating FASTag KYC and this deadline has ended. Along with this, let us tell you that till the time of writing this news, no notification had come out regarding extending this last date. That is, there is still suspense on whether NHAI extends the deadline for Fastag KYC update or whether it can be deactivated and blacklisted by the National Highway Authority of India if the KYC process is not completed.
New rules of GST
It was said by the Central Government that there is going to be a major change in the rules of GST from March 1, 2024. Under this, now traders with turnover more than Rs 5 crore will not be able to issue e-way bills. Without e-challan. Simply put, businesses whose annual turnover exceeds Rs 5 crore will not be able to issue e-way bills for all B2B transactions without including e-invoice details. Under the GST system, e-way bill is required to send goods worth more than Rs 50,000 from one state to another.
Rules related to SBI credit card
The month of March has started and this month another big change is going to happen for SBI credit card users. Actually, the country's largest government bank State Bank of India (SBI) has decided to change the rules of its credit card. These new rules will come into effect from March 15 this month. Under this, SBI is going to change its minimum day bill calculation rules. However, its detailed information will be given by SBI to the users through mail.
Banks will not open for 14 days
The month of February has ended and the festival-filled month of March (March 2024) has begun. There is big news for the people going to banks this month that there will be no work in banks for 14 days i.e. there will be bank holidays. In such a situation, if you have any important work related to the bank in the next month, then leave the house only after seeing the Bank Holiday in March list released by RBI. Actually, banks will remain closed on all occasions this month from Mahashivratri to Holi and Good Friday.