These five major changes will be implemented from January 1, 2023,

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The month of December is going on, we are nearing the end of the year 2022. The year 2023 will start from the next month i.e. January. Changes are going to happen in many sectors including banking and insurance in the new year. In such a situation, it is important for you to be aware of these changes. If you have any important work left, then get it done quickly this month i.e. by 31st December, so that you do not face any problems. Let us tell you about these changes which will be applicable from the first date of next month.

1- Change in credit card rules

If you use a credit card, then you get reward points in it. If you have reward points on your credit card, make sure to redeem them. According to media reports, from January 1, 2023, the rules related to reward points are also going to change in many banks. In this case, use these reward points only in December.

Insurance premiums can be expensive

Insurance premiums may be expensive from the year 2023 IRDAI is considering new rules for insurance premiums based on the use and maintenance of vehicles. In such a situation, there is a possibility that people may get shocked by expensive insurance premiums from the new year.

3-It is mandatory to withdraw the electronic bill

According to media reports, from January 1, 2023, it will be mandatory for those doing business of more than Rs 5 crore to generate e-invoicing i.e. electronic bills. Earlier this limit was Rs 20 crore. In such a situation, if you are a businessman, then the rules of e-bill are changing for you. From January 1, traders will have to issue bills through the portal only. Where there will be transparency in the system and there will be a ban on taking input tax credits by making fake bills.

4- Must install high-security number plate in the vehicle

If your vehicle is not yet fitted with a high-security registration plate, get it installed immediately. If the time limit for installing high-security number plates is not extended, then you may have to pay a heavy fine of up to 5 thousand.

5- Change in CNG-PNG prices

Most of the changes in the prices of CNG and PNG take place on the 1st of the month or in the first week. Commercial cylinder prices were reduced in early November 2022. However, there was no change in the prices of domestic LPG cylinders. Petroleum companies change the price of gas in the first week of the month in Delhi and Mumbai. However, in the last few months, there has been a hike in the rates of CNG and PNG in Delhi-NCR and Mumbai

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