10 Major rules changed from 01.10.2020 All you need to Know

(1.) No physical verification of documents Requirements like Driving License and RC.

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. In a step towards easing commuter convenience, the central government is set to digitize documents including maintenance of vehicles, driving licenses, and e-challans that will now be done through an information technology portal from 1 October 2020. Drivers can maintain their vehicle documents on the Central govt’s online portal like Digi-locker or M-parivahan.

(2.) Use Mobile phones only for route navigation during driving.

According to the amendments made in the Motor Vehicles Rules 1989 by the Ministry of Road Transport and Highways, you will now be able to use mobile for route navigation in such a manner that it shall not disturb the concentration of the driver while driving.

(3.) LPG connection will not be free :

Under the Pradhan Mantri Ujjwala Yojana (PMUY), the process of getting a gas connection for free ended on 30 September 2020.

(4.) TCS: on Foreign Remittance

5% tax will be levied on foreign fund transfer any amount sent abroad to buy foreign tour packages, and every other foreign remittance made above ₹7 lakh, will attract a tax-collected-at source (TCS) beginning 1 October unless the tax is already deducted at the source (TDS) on that amount. 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.

(5.) Sweet sellers will need to display ‘best before date’.

FSSAI has directed the sweet shop owners to adhere to the protocol from 1 October.

(6.) New health insurance rules to be implemented

The changes in the health insurance cover have of course being introduced in the aftermath of Covid-19. The prices for premium health services will eventually rise. The new health insurance rules to be introduced post-COVID-19 inclusion will make 17 permanent illnesses outside the cover.

(7.) Buying television sets can be expensive.

Open-cell panels will attract 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. As part of ‘Atmanirbhar Bharat’, the government is keen to expand domestic production capacity for open cell panels so that imports can be curbed. The one-year exemption is given to the item expires, 30 September.

(8.) RBI’s new credit and debit card rules

The Reserve Bank of India (RBI) has issued new guidelines to secure debit and credit cards. These changes will be effective from 1st October 2020. According to the new 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.

(9.) FSSAI bans blending of mustard oil with any other cooking oil

from October 1st, 2020. In a letter to the commissioner of food safety of all states and Union Territories, FSSAI said the “blending of mustard oil with any other edible oil in India has been prohibited with effect from October 1, 2020.”

(10.) New TCS regime on sale of Goods.

The Finance Act, 2020 has amended the provisions relating to TCS with effect from October 1, 2020, to provide that a seller of goods shall collect tax at the rate of 0.1 percent (0.075 percent up to March 31, 2021) if the receipt of sale consideration from a buyer exceeds Rs 50 lakh in the financial year.

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