Only 2 days are left for the month of October to end. After this the month of November will begin. Many things change in the country on the beginning or first date of every month. These changes directly impact the common man and his pocket. There are going to be changes in some things from November 1 which will affect your pocket. In such a situation, today we are going to tell you what major changes are taking place from November 1. The beginning of the new month includes many changes ranging from GST to laptop import.
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There will be changes in these things
gas cylinder price
The prices of gas cylinders change on the first of every month. On this day the prices of gas cylinders are fixed for the whole month. According to oil companies, prices may increase or decrease. Also, it may happen that no change is made in the prices i.e. the existing rates should be maintained.
Rule changes regarding GST
According to the National Informatics Center (NIC), businesses with a turnover of Rs 100 crore or more will have to upload GST challan on the e-challan portal within 30 days from November 1. The GST authority had taken this decision in September.
Deadline regarding import
The government had given exemption on the import of laptops, tablets, personal computers and other electronic items falling under HSN 8741 category till October 30. However, no official announcement has been made yet about what will happen from November 1st.
Bombay Stock Exchange i.e. BSE had announced on October 20 that it will increase the transaction fees on equity derivatives segment from November 1. These changes will be applied on S&P BSE Sensex options. Increasing transaction costs will have a negative impact on traders, especially retail investors.
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