Business information: Some main changes are set to return into impact beginning March 1, 2024, which can be more likely to have an effect on the every day operations of the individuals. March can even have two lengthy weekends, presenting a possibility for the travellers to hit the highway on journeys, thus offering a cue for FASTag replace. There are a number of financial institution holidays in March, moreover inventory market holidays. March 31 would mark the time limit for financial yr 2023-24.
Let’s check out key changes going down from March 1, 2024
GST rule change
Those companies whose turnover surpasses Rs 5 crore mark must embrace e-invoice particulars for all business-to-business transactions, beginning March 1.
FASTag deactivation
Such FASTags whose KYC has not been completed till February 1, 2024, might be deactivated beginning March 1. The deadline was earlier prolonged by NHAI from January 31, 2024, as a part of a transfer making certain “One Vehicle, One Fastag”.
Paytm Payments Bank final date
The Reserve Bank of India had prolonged the deadline for Paytm Payments Bank and its operational ban on its companies to March 15, 2024. Once the deadline is over, the Paytm Payments Bank customers won’t be able so as to add cash or make a transaction utilizing the Paytm pockets. The customers might nonetheless nonetheless be allowed to withdraw their present cash.
SBI bank card invoice calculation
The SBI bank card is altering its rule for minimal day invoice calculation beginning March 15, in keeping with the corporate’s web site. The info concerning the identical have already been communicated to the customers in advance.
Geo-tagging of MCD property
Starting March 1, 2024, house owners of properties might be unable to avail of a ten per cent low cost on property tax in the nationwide capital if they don’t geo-tag their properties by way of the MCD Unified Mobile App.
Bank holidays in March
Banks might be shut on 14 days in March, together with March 8 (Mahashivratri), March 25 (Holi), and March 29 (Good Friday).
Stock Market Holidays
Stock markets might be closed on the three mentioned dates above.
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