These 10 important rules are changing from January 1

These 10 important rules are changing from January 1, each change will have a direct effect on your pocket

The new year of 2021 will bring a lot of new things with it. Not only your home calendar but many things related to your life are going to change from January 2021. Here we are going to tell you about 10 big changes that are important for you to know.

SOURCE: GSTV NEWS

The car will become more expensive from January 1

The country’s 3 largest car manufacturers are going to increase the price of their cars.

If you are thinking of buying a new car, this is the right time for you to buy a car as soon many big car manufacturer brands will make their car expensive. Car prices are set to rise from January 2021. Many companies have already announced this, while some companies may make such an announcement soon. So far, the companies that have announced price hikes for their vehicles include Maruti Suzuki, Ford India and Kia Motors.

Fastag must be installed on trains from January 1

Fastags will be required on trains to cross the toll from 1 January 2021. Drivers crossing the National Highway toll without a fastag will have to pay a double charge. At present, 80 per cent of the lines at all toll plazas are being used as fastag and 20 per cent of the lines as cash. From January 1, all live will be fastag. You need to keep a minimum of Rs 150 in your Fastag account. Otherwise Fastag will be blacklisted.

The rule of investing in mutual funds will change

In the interest of investors, market regulator SEBI has made some changes in the rules of mutual funds to reduce risk. SEBI has amended the asset allocation rules for multicap mutual funds. Under the new rules, 75 per cent of funds will now have to invest in equities, up from the current 65 per cent. The structure of multi-cap funds will change as per the new rules of SEBI. It will be necessary to invest 25-25 per cent in midcap and smallcap. At the same time, 25 percent will have to stop at large caps. Previously, fund managers allocated according to their choice. Currently the weightage of largecap is higher in multicap. The new rule will take effect on January 1, 2021.

More charges will have to be paid for UPI payment from January 1

From January 1, Amazon Pay, Google Pay and PhonePay transactions will incur additional charges. Indeed, NPCI has decided to impose additional charges on UPI Payment Services operated by third party application providers from January 1. NPCI has imposed a 30 per cent cap on third party apps in the new year. However, Paytm will not have to pay this charge.

The way you call from a landline will change

It will now be necessary to apply zero before the number from January 1 to make calls from landlines across the country to mobiles. TRAI recommended zeroing the number before May 29, 2020 for this internal call. It will help telecom companies build more numbers. The change in dialing mode will allow telecom companies to generate an additional 254.4 crore numbers for mobile services. This will help meet the needs of the future.

The rules of GST return will change

The government is preparing to take some further steps in the matter of sales returns to provide relief to small traders. Under which GST process will be made easier. According to sources, in the new process, small entrepreneurs with a turnover of up to Rs 5 crore will have to file only 4 sales returns during the year from January next year. At this time, traders will have to file 12 returns (GSTR3B) on a monthly basis. Apart from this 4 GSTR1 has to be paid. Taxpayers will only have to file 8 returns after the new rule comes into force. Out of which 4 GSTR, 3B and 4 GSTR 1 returns have to be filed.

Term plans can be purchased from January 1 at a lower premium