Rules For Credit Card, LPG, Driving License Changes From Oct 1: 10 Facts You Should Know
Life is not going to be the same from 1st October, be it Motor vehicle rules to the Ujjwala scheme, rules are changing from today.
Let’s see how it is going to affect our day to day life.
- 1 1. No More Free LPG Connection
- 2 2. Best Before Date
- 3 3. No Need To Carry Physical Verification Of Documents
- 4 4. Route Navigation
- 5 5. New Rules For Health Insurance
- 6 6. Television Sets Will Become Costlier
- 7 7. Foreign Fund Transfer Will Attract 5% Tax
- 8 8. No Blending Of Mustard Oil
- 9 9. New RBI Rules For Credit And Debit Card
- 10 10. New Tax Collected At Source (TCS) Regime
1. No More Free LPG Connection
The facility of getting a gas connection for free under the marque Pradhan Mantri Ujjwala Yojana (PMUY) is ending on 30 September 2020.
2. Best Before Date
Now sweet shops will have to display the ‘best before date’ of non-packaged or loose sweets offered in their shop as per the direction by Food Safety and Standards Authority of India (FSSAI) from 1 October.
3. No Need To Carry Physical Verification Of Documents
No need to worry about keeping a hard copy of documents like RC and driving license while driving.
From October 1, you can drive a vehicle with only a valid soft copy of these documents attached to the vehicle according to the Ministry of Road Transport and Highways.
They have issued notification of various such amendments made in the Motor Vehicles Rules 1989, coming into effect from October 1.
The Ministry of Road Transport and Highways has allowed the use of mobile under the amendments made in the Motor Vehicles Rules 1989 only for route navigation in such a manner that it shall not disturb the concentration of the driver while driving.
5. New Rules For Health Insurance
As an aftermath of the coronavirus outbreak, changes in the health insurance cover is introduced.
According to this, the prices for premium health services will eventually rise and the new health insurance rules have inclusions for 17 permanent illnesses outside the cover.
6. Television Sets Will Become Costlier
After 30 September, open-cell panels will attract 5% import duty as the duty exemption expires at the end of September.
The government is also keen to expand domestic production capacity for open cell panels so that imports can be curbed as part of ‘Atmanirbhar Bharat’ mission.
7. Foreign Fund Transfer Will Attract 5% Tax
According to the new rules, any amount sent abroad to buy foreign tour packages, and every other foreign remittance made above Rs 7 lakh, will attract a tax-collected-at source (TCS) beginning 1 October unless the tax is already deducted at source (TDS) on that amount.
Moreover, the tax on foreign tour packages will be 5% for any amount and for other foreign remittances the tax will kick in only for the amount spent above ?7 lakh.
8. No Blending Of Mustard Oil
According to the Food regulator FSSAI, the blending of mustard oil with any other cooking oil is banned with effect from October 1.
FSSAI said the “blending of mustard oil with any other edible oil in India has been prohibited with effect from October 1, 2020,”, in a letter to the commissioner of food safety of all states and Union Territories.
9. New RBI Rules For Credit And Debit Card
To secure debit and credit cards, the Reserve Bank of India (RBI) has issued a new set of guidelines which will be effective from 1st October 2020.
With these new rules, the users will 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.
10. New Tax Collected At Source (TCS) Regime
The new Tax Collected at Source (TCS) regime for applicability of TCS provision which requires an e-commerce operator to deduct 1 percent tax on the sale of goods and services, will come into effect from October 1