Five Big Changes Coming Into Effect From November 1

GST change for big businesses: According to an advisory by the National Informatics Centre (NIC), businesses with turnover of Rs 100 crore and above will have to upload GST invoices on the e-invoicing portal within 30 days with effect from November 1. The decision was taken by GST authority in September.Laptop import restriction deadline: The government had given relaxation on importing laptops tablets, personal computers (PCs), and other electronic items falling under the HSN 8741 category till October 30. Though there is no official announcement about what will happen from November 1, the Centre is expected to reconsider implementing the import restrictions from November 1.BSE to hike transaction fee on equity derivative: The Bombay Stock Exchange (BSE) had on October 20 announced that it would increase transaction charges on the equity derivatives segment with effect from November 1. These changes will primarily be levied on S&P BSE Sensex Options. Market experts said the move to increase transaction costs will negatively impact traders and especially retail investors.Changes for Kindle reader: Amazon has announced that it is ending support for files that are supported on Kindle. In an update on its website, the e-retailer said it won’t support MOBI format from November 1. “This is a final reminder that on November 1, 2023, we will start winding down support for sending MOBI (.mobi, .azw, .prc) files through Send to Kindle,” the Amazon mailer informs. It will impact Kindle users who try to use the feature to send MOBI files via email, Kindle apps on iOS, Android, Windows and Mac.European Patent Office (EPO) changes: From November 1, the 10-day rule of the EPO will come to an end. According to the present EPO regulations, any communication issued by the agency is assumed to be notified 10 days after the date it bears. In the frame of the EPO’s digital transformation project, this will no longer apply as of November 1, 2023. 

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