New rules from Jan 1 2023: Rules are changing from Bank locker to GST
By Lokmat English Desk | Updated: December 27, 2022 16:43 IST2022-12-27T16:43:03+5:302022-12-27T16:43:03+5:30
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New Delhi: New year is starting after few days and new year is starting with many changes. There will be changes in many rules related to bank lockers, credit cards and mobiles. Along with this, gas cylinder prices and vehicle prices may also increase.
महाग होणार कार
Car prices are going to increase in the new year. Maruti Suzuki, Hyundai Motor, Tata Motors, Mercedes-Benz, Audi, Renault, Kia India and MG Motor are all set to see a price hike from January 1, 2023.
From January 1, the Reserve Bank will issue an agreement to all locker holders and customers will have to sign it. As per RBI's new rules, banks will decide whether there are any unfair terms and conditions in their locker contracts.
There will also be a change in the rules related to credit cards. HDFC Bank will also change refund points and fees. Apart from this, SBI has also decided to change the rules of some cards.
Gas cylinder prices are reviewed on the first of every month. State-owned oil companies reduce or increase gas cylinder prices on the first day of every month.
GST rules are also going to change from January 1. Generation of e-invoices will now be mandatory for businesses with an annual turnover of more than 5 crores.
Also, registration of IMEI number of every mobile will be required for every mobile manufacturer and its import and export company from 1st date.
