This is big news for you. The year 2022 will be over in counting days now the new year will begin. Preparations have begun to welcome the year 2023. But this new year will bring some big changes from day one which will directly affect your pocket, so it is very important that you are aware of these changes. We are talking about five such major changes which include everything from LPG cylinder prices to bank locker rules..
The first date of each month brings with it many changes with the beginning of the new year changing, but the changes that occur before the year are more noticeable, from which the whole year can be estimated. Major changes from 1 January 2023 include gas cylinder, cng and png prices, along with changes in bank locker rules as per RBI guidelines, HDFC is going to change reward points rules on its credit cards. Then the limit for GST invoicing is going to decrease..
First Change : GST Invoicing Rules,.
The GST invoicing or electronic bill rules are going to change from January 1, 2023, the government has reduced the limit of Rs 20 crore for invoicing to Rs five crore, with effect from the first day of 2023, with the implementation of this rule now Businessmen with an annual turnover of more than 5 crores will now be required to generate electronic bills. This rule will directly affect traders..
Second Amendment: Bank Clerk Rules,.
According to the new guidelines announced by the Reserve Bank of India, there is going to be a change in the rules related to bank lockers from January 1, 2023, after the implementation of the new rules, the banks will have restrictions and they will not be able to arbitrarily deal with the customers regarding the bank lockers, after this the responsibility of the banks will increase further, because if there is a loss due to any common reason of the customer kept in the locker then the responsibility will be with the status 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. Companies like Maruti Suzuki, MG Motors, Hyundai, Renault to Audi and Mercedes are going to increase the price of their vehicles from the beginning of 2023, Tata has also announced to increase the price of its commercial vehicles from January 2023..
Fourth Amendment: Credit Card Rules,.
Private sector bank HDFC has decided to change its credit card rules, which will be effective from January 1, 2023. If you are using this bank’s credit card, it is very important for you to know this change. In fact HDFC is going to change the rules of rewards on credit card payments, it will be better for you to redeem all your rewards points by 31 December 2022.
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Fifth Change : LPG, CNG / PNG Prices.
At the beginning of the new year, a big decision can be made regarding LPG cylinder CNG PNG prices, oil and gas companies change the prices on the first of every month, but the common man hopes for relief from the government in the new year. The reason for this is that crude oil prices have been falling for some time, due to which petrol-diesel prices in the country may also see a fall in the new year.
New rule for phone companies.
Along with the five major changes mentioned above, a new rule will come from January 2023 for phone manufacturing companies and their import and export companies to register the IMEI number of each phone. Registration of phones coming to India with foreign tourists will also be mandatory..