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New Rules from November 1: These big changes are going to happen from today, know how it will affect you?

November 1, 2022
Bharat Times



LPG gas cylinder price.
– Photo : Amar Ujala

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Today the month of November has started from the 1st and with this many big changes are also going to happen. These changes will not only affect your pocket but your lifestyle will also be affected. Along with the change in the prices of gas cylinders from November 1, the rules related to insurance claims are also going to change. Along with this, there will also be a change in the railway time table.

LPG prices will change

Like the first of every month, on November 1, the petroleum companies will fix the new rates after reviewing the LPG prices. Explain that petroleum companies revise the prices of 14 kg domestic cylinders and 19 kg commercial cylinders on the first day of every month. On October 1, the companies had increased the prices of commercial gas cylinders by Rs 25.5.

OTP will have to be told for the delivery of cylinder

The second important change in the month of November is also related to the gas cylinder itself. One time password or OTP will be required for home delivery of gas cylinders from the month of November. After booking the cylinder, an OTP will be sent to the registered mobile number of the customers. After telling this, it will be matched with the system, only after that the cylinder will be delivered.

Rules for taking insurance claims will change

IRDA may also announce a major change on November 1. It may be made mandatory for insurers to provide KYC details from the first of November. Presently, while giving KYC while buying a non-life insurance policy is voluntary, it will become mandatory from November. After this, the claim can be canceled if KYC documents are not provided at the time of insurance claim.

There will be this change in the rules related to GST

There will also be a change in the rules related to GST in the month of November. Now taxpayers with a turnover of less than five crores will be required to enter the five-digit HSN code in the GST return. Earlier, two-digit HSN code had to be entered. It was made mandatory for taxpayers with a turnover of more than five crores to enter a four-digit code from April 1, 2022, and then a six-digit code with effect from August 1, 2022.

Rules related to electricity subsidy will change

There will also be a change in the rules related to electricity subsidy in Delhi from November. Under this, people who have not registered for electricity subsidy will not get the benefit of subsidy. The last date for registration for subsidy was fixed today i.e. 31 October 2022.

Expansion

Today the month of November has started from the 1st and with this many big changes are also going to happen. These changes will not only affect your pocket but your lifestyle will also be affected. Along with the change in the prices of gas cylinders from November 1, the rules related to insurance claims are also going to change. Along with this, there will also be a change in the railway time table.

LPG prices will change

Like the first of every month, on November 1, the petroleum companies will fix the new rates after reviewing the LPG prices. Explain that petroleum companies revise the prices of 14 kg domestic cylinders and 19 kg commercial cylinders on the first day of every month. On October 1, the companies had increased the prices of commercial gas cylinders by Rs 25.5.

OTP will have to be told for the delivery of cylinder

The second important change in the month of November is also related to the gas cylinder itself. One time password or OTP will be required for home delivery of gas cylinders from the month of November. After booking the cylinder, an OTP will be sent to the registered mobile number of the customers. After telling this, it will be matched with the system, only after that the cylinder will be delivered.

Rules for taking insurance claims will change

IRDA may also announce a major change on November 1. It may be made mandatory for insurers to provide KYC details from the first of November. Presently, while giving KYC while buying a non-life insurance policy is voluntary, it will become mandatory from November. After this, the claim can be canceled if KYC documents are not provided at the time of insurance claim.

There will be this change in the rules related to GST

There will also be a change in the rules related to GST in the month of November. Now taxpayers with a turnover of less than five crores will be required to enter the five-digit HSN code in the GST return. Earlier, two-digit HSN code had to be entered. It was made mandatory for taxpayers with a turnover of more than five crores to enter a four-digit code from April 1, 2022, and then a six-digit code with effect from August 1, 2022.

Rules related to electricity subsidy will change

There will also be a change in the rules related to electricity subsidy in Delhi from November. Under this, people who have not registered for electricity subsidy will not get the benefit of subsidy. The last date for registration for subsidy was fixed today i.e. 31 October 2022.