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Mandatory FASTag for four-wheelers, Check the new rules for 2021

From the Positive Pay system to mandatory FASTag for all the four-wheelers, the coming year will see a lot of changes in various fields and sectors

Mandatory FASTag for four wheelers, Check the new rules for 2021

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  20 Dec 2020 6:09 AM GMT

New Delhi: The coming year will see a lot of changes, including mandatory FASTags for all four-wheelers across the country, the implementation of Positive Pay system to curb cheque frauds and a new mode of Goods and Services Tax (GST) return filing facility for small businesses. Here are all the important information about the new rules:

1. Mandatory FASTag for all the four-wheelers

The Ministry of Road Transport and Highways issued a notification, where it made FASTag mandatory for all four-wheel vehicles from January 1, 2021. It will be mandatory for all the four-wheelers or M&N category of vehicles, which were sold before December 1, 2017. The Central Motor Vehicles Rules, 1989 were amended for this.

2. Cheques to use 'Positive Pay' system

The 'positive pay system' for cheques will be introduced by the Reserve Bank of India (RBI) from January 1, 2021. This new rule may ask for the re-confirmation of key details for payments beyond ₹50,000. Large value check under Positive Pay involves reconfirming of key details.

3. Contactless transaction limit increased

The limits for contactless card payments will be enhanced from ₹2,000 to ₹5,000 by the Reserve Bank of India (RBI), which will be effective from January 1, 2021.

4. Return filing facility for Quarterly Goods and Services Tax (GST)

The small businesses will come under the quarterly Goods and Services Tax (GST) return filing facility. About 9.4 million such business will come under this new system, which will be rolled out from January 1.

5. Dialing 0 before making landline to mobile calls mandatory

The telecommunications department (DoT) has made it mandatory to add the prefix 0 before making calls from landline to mobiles. This will be effective from January 5, 2021.

6. WhatsApp to stop working on a few phones

WhatsApp will only work in a few selected phones from January 1. It will provide support in the following devices: Android running OS 4.0.3 and newer; iPhone running iOS 9 and newer; and Select phones running KaiOS 2.5.1 newer, including JioPhone and JioPhone 2.

7. Hike of car prices

Most of the automakers will revise the price list for cars in 2021. Maruki Suzuki, Renault India and MG Motor to increase the price of its model from the next month.

8. Price hike of two-wheelers

The price of two-wheelers under Hero MotoCorp will also increase up to Rs 1,500 next year.

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