Check out the list of rules that are changing from today:
From 1st October 2020, many rules are going to change including Motor Vehicle rules, Ujjwala scheme, health insurance, credit, and debit card rules. In order to stay updated, you must know about these changes. The central bank has made card use easier, and there are some changes in taxation policy as well. Check out the list of rules changing from today.
- No physical verification of documents such as Driving License and RC
The tension of keeping a hard copy of documents like RC and driving license is going to end now. Now you can drive a vehicle with only a valid soft copy of these documents attached to the vehicle. The Ministry of Road Transport and Highways has issued notification of various such amendments made in the Motor Vehicles Rules 1989, which will come into effect from October 1
- No free LPG connection
Under the marque Pradhan Mantri Ujjwala Yojana, the process of getting a gas connection for free will be over on 30th September 2020.
- Mobile use for navigation
As per amendments made in the Motor Vehicles Rules 1989 by the Ministry of Road Transport and Highways, you can now use mobile for route navigation in a way that it shall not disturb the concentration of the driver.
- 5% tax will be levied on foreign fund transfer
Every other foreign remittance made above INR 7 lakh will be taxable from 1st October. While the tax on foreign tour packages will be 5% for any amount, for other foreign remittances the tax will kick in only for the amount spent above ₹7 lakh.
- “Best before date” for sweet sellers
Sweet shops will not have to tell the “best before date” of non-packaged or loose sweets available in their shop. Food Safety and Standards Authority of India (FSSAI) has directed the sweet shop owners to adhere to the protocol from 1 October.
- New health insurance rules
The new health insurance rules to be introduced post-COVID-19 inclusion will make 17 permanent illnesses outside the cover.
- Television sets can get expensive
Open-cell panels will carry a 5% import duty from 1 October, with the government saying that a duty exemption expiring at the end of this month will not be extended. The one-year exemption given to the item expires today, 30 September.
- RBI’s new credit and debit card rules
RBI has issues from new guidelines to secure debit and credit cards. As per the guidelines card users will now be able to register opt-in or opt-out of services, spend limits, etc. for international transactions, online transactions as well as contactless card transactions.
- New Tax Collected at Source (TCS)
The Income Tax Department issued guidelines for the applicability of the TCS provision which requires an e-commerce operator to deduct 1 percent tax on the sale of goods and services. The new Tax Collected at Source (TCS) regime will come into effect from October 1. The Finance Act, 2020 inserted a new section 194-O in the Income-tax Act 1961 which mandates that with effect from October 1, 2020, an e-commerce operator shall deduct income tax at the rate of 1 percent of the gross amount of sale of goods or provision of service or both, facilitated through its digital or electronic facility or platform.
- The blending of mustard oil with other cooking oils banned
Blending of mustard oil with any other cooking oil has been banned by FSSAI.
