New Rules from January 1, 2021

 New Rules from January 1, 2021

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1.Cheque payments rule

2.Contactless card transactions limit

3. WhatsApp to stop working on select phones

    4. Car prices

    5.’0’ Before Making Landline to Mobile phone calls

    6. FASTag for all four-wheelers

    7. Change in the rules of mutual fund investment

    8. Google Pay web app

    9. LPG Cylinder Prices

   10.GST-registered small biz

        1.Cheque payments rule-

● From 1, January 2021 The Reserve bank of India (RBI)launch a cheque Payment Rule.it is called a positive pay system.

● According to these rules, above 50,000 a re-confirmation of key details may require.

         2.Contactless card transactions limit-

          ● According to the Reserve Bank of India (RBI), the limits for contactless card transactions will be increased from 2000 to 5000

              ●Its main aim is to expand the adoption of digital payment in a safe and secure manner.

        3.WhatsApp to stop working on select phones-

              ● The most popular messaging app Whatsapp will stop working on a number of smartphones.

              ● Whatsapp service will compatible with Android 4.0.3 or newer versions and iPhones iOS 9 and newer versions.

               ● Whatsapp service will also run on KaiOS 2.5.1 OS or newer, including JioPhone and JioPhone 2.

               ● Whatsapp will not run on some phones:

                    HTC Desire, LG Optimus Black, Motorola Droid Razr, Samsung Galaxy S2,iPhone.

        4. Car prices-

                   Top leader company Maruti Suzuki, Mahindra and Mahindra will increases Cars price in India.

           5. ‘0’ Before Making Landline to Mobile phone calls-

                ●The Department of Telecommunications (DoT) has declared that all landline users will have to dial ‘0' before making calls to mobile phone numbers. 

                          ●The aim is to free a sufficient number of resources so that more connections can be added in the future.

          6. FASTag for all four-wheelers-  

               ●The Union Ministry of Road Transport and Highways has declared a FASTag will compulsory for all four-wheeler vehicles from January 1, 2021.

              ● FASTag has become compulsory for M and N class four-wheelers which were sold before December 1, 2017.

         7.change in the rules of mutual fund investment-

                           ● Market regulator SEBI has made some changes in the rules of mutual funds.

                           ●According to SEBI, it will be compulsory to invest 75% of the funds in equity.

         8. Google Pay web app-

              ●The Google company announced Google Pay app will stop working in January.

                       ●Google Pay will also add a fee on instant money transfers.

      9. LPG Cylinder Prices-

                               ●Indian Oil companies are planning to weekly change the prices of LPG Cylinders.

                               ●Lpg cylinder price is depending on the crude rates in the international markets.

          10.GST-registered small biz-

                                ●According to news agency PTI, Businesses with up to Rs 5 crore turnover will have to file only four GST sales returns.

                                ●Small taxpayers would need to file only eight returns (4 GSTR-3B and 4 GSTR-1 returns) in a year.