5 big financial changes that are coming into effect from today

financialexpress.com:

Every month, on the first, new financial rules are announced which are to be followed. Hence, on November 1 also there are several guidelines which will come into effect. These guidelines may or may not be new or updated and they are applicable on a common person’s life. 

It is important to know these new rules that will come into effect from today i.e., November 1, 2023. Some of the guidelines are as mentioned below:

Gas prices: On the first day of every month, the prices or rates of CNG (Compressed Natural Gas), LPG (liquified petroleum gas) and PNG (piped natural gas) are announced and they stay fixed for the entire month.

E-challan: As per the National Informatics Centre (NIC), companies with a minimum value of ₹100 crore are required to submit their GST challan on the e-challan portal within the next 30 days.

Laptop Import: The government enforced immediate limitations on the import of seven products, such as laptops, personal computers (PCs), and tablets categorized under HSN 8741 on August 3. However, the implementation of these restrictions was postponed until October 31, which is today. Until any further policy adjustments are declared, obtaining clearance for these seven items will necessitate a valid ‘License for Restricted Imports.’

Lapsed LIC Policy Reopening: October 31 marks the final day for reopening a lapsed LIC policy.

Transaction Fees: The Bombay Stock Exchange (BSE) is set to increase charges for transactions within the equity derivative segment. This decision was communicated by the BSE on October 20.