March, the new month, officially began today. March will bring with it several significant changes that may directly affect your finances. In actuality, a lot of changes occur each month. March is a significant month since it’s the last month of the fiscal year, which means that everyone has a lot of financial obligations to finish. Numerous changes will be observed this time, ranging from LPG and GST & Fastag regulations.
The GST rules will alter.
The government is modifying the GST regulations. Individuals conducting transactions beyond Rs 5 crore will no longer be able to create an e-way bill in the absence of an e-challan. Quick Electronic KYC. The deadline for updating Fastag’s EKYC was today. NHAI will disable Fastag on March 1st if your KYC is not updated. It may additionally be placed on a blacklist.
Modifications to credit card regulations
Aside from this, SBI has chosen to significantly alter the credit card regulations. The minimum day bill computation guidelines have been modified by the bank. These guidelines will be updated on March 15. Regarding bank holidays, the month of March coincides with major celebrations like Shivratri and Holi. Banks will be closed for a total of 14 days this month. The list of holidays may change depending on the area. Under these circumstances, you must check the list of holidays before going to the branch for any work. However, during this time you can do your work through net banking.
Price rise for cylinder
Oil firms raised the cost of commercial LPG cylinders on March 1st. Before this, prices had also gone up in January and February. For the third month in a row, commercial LPG cylinder prices have gone up. A commercial LPG cylinder weighing 19 kg now costs Rs 25.50 more. As a result, the cost in Delhi went up to Rs 1795.
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