SBI Credit Card To GST, Your Guide To Rules Changing From March 2024

These changes from March will directly impact millions of customers across India, including FASTag users.

Several new rules will come into effect from the first day of March, which is also the last month of the current financial year, which will impact almost all the users. Those who are planning to go on a road trip also have to get their Know Your Customer (KYC) done by tomorrow (February 29) otherwise their FASTags will be deactivated. The National Highways Authority of India (NHAI) had issued a notification about its decision, which is meant to ensure only one FASTag is affixed on one vehicle.

Changes in GST rules: From March 1, businesses with turnover above Rs 5 crore will not be able to generate e-way bill without including e-invoice details for all B2B transactions. Under the goods and services tax regime, e-way bills are required for inter-state transportation of goods valued over Rs 50,000.

Bank Holidays: The public and private sector banks will remain shut for 12 days in the month of March. These include the weekly offs on Saturdays and Sundays. According to RBI calendar, banks will remain closed on March 11 and 25 - second and fourth Saturday. Apart from this, March 5, 12, 19 and 26 will be Sundays.