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Changes Coming in March 2024: Brace Yourself for the New Rules

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Changes Coming in March 2024: Brace Yourself for the New Rules

Gas prices, both for household and commercial cylinders, are subject to adjustment by oil marketing companies every month on the first day. It is anticipated that tomorrow, there might be alterations in the prices set by these oil marketing companies, potentially impacting the pockets of the general public directly.

GST Rule Overhaul

The central government has made significant changes to the GST rules, effective from March 1, 2024. Businesses with turnovers exceeding 5 crores won’t be able to generate e-way bills without e-invoices. This regulation will be enforced starting Friday.

Fastag Regulation Amendments

The National Highway Authority of India (NHAI) has mandated updating of the KYC for Fastags with immediate effect. Today marks the final date to ensure your Fastag complies with this requirement; otherwise, NHAI will deactivate it.

SBI Credit Card Policy Adjustments

The State Bank of India, the nation’s largest public sector bank, has decided to amend its credit card policies. The bank is set to modify its minimum due bill calculation rules from March 15 onwards. Customers are being notified of this change via email.

Bank Closures in March

Banks across various states of the country are scheduled to remain closed for a total of 14 days in March 2024. This includes closures due to weekly offs on Saturdays and Sundays, along with holidays such as Mahashivratri, Holi, and Good Friday. Therefore, if you have any banking-related tasks, ensure to check the holiday list before stepping out.

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