Rule Changes from November 1st: With the start of November, several significant changes related to financial matters have come into effect. Starting today, November 1st, the price of commercial LPG cylinders has increased. Pensioners, taxpayers, bank customers, and households should take note of updates regarding the submission of ‘Life Certificates’ (Jeevan Praman Patra), ITR (Income Tax Return) deadlines, and GST regulations.

Additionally, new charges have been introduced for customers of Punjab National Bank (PNB) and IndusInd Bank. Let’s look at what has changed starting today.

Annual Toll Pass for ₹1,500
The Union Ministry of Road Transport and Highways has implemented changes to toll pass regulations, effective today. This will directly affect individuals living within a 20-kilometre radius of a toll plaza. Eligible residents can now obtain an annual toll pass for their vehicles for ₹1,500.

 Punjab National Bank Rule Change
Punjab National Bank has updated the terms for its Visa and RuPay credit card variants. For cash withdrawals made via PNB ATMs, users will now be charged 2.5% of the total amount or ₹400, whichever is higher. For withdrawals from other (non-PNB) ATMs, the charge will be 2.5% of the total amount or ₹500, whichever is higher. Previously, no charges applied to withdrawals of ₹1,000 or less; this threshold has now been reduced to ₹500. Furthermore, a charge of ₹1,200 will be levied on outstanding balances exceeding ₹50,000.

GST Regulation Changes
Several GST-related rules have also changed as of November 1st, including provisions concerning credit notes and GST refunds. To deduct post-sale discounts from the taxable value, the associated input tax credit must now be reversed. Additionally, a provision for provisional refunds has been introduced for businesses operating under an ‘inverted duty structure.

‘Online payment required for liquor
The Tamil Nadu state government has made online payment mandatory for liquor purchases exceeding ₹1,000.

Life Certificate
Pensioners under the age of 80 can submit their life certificate between November 1 and November 30. Pensioners over the age of 80 have been submitting their life certificates since October 1.