With the beginning of November, many financial changes are going to be implemented. Some of these changes will come into force from November 1, while there are other deadlines that are very important for consumers, pensioners and taxpayers. If we talk about the changes, the change in LPG gas cylinder prices and also the change in ATF prices are very important. Which can affect the pocket of common people. On the other hand, changes will be seen in GST. The date for submission of life certificate for pensioners is also in November. Let us give you detailed information about all these.

The government will implement changes in GST from November 1

According to Reuters, according to a government notification issued on October 26, the Indian government is planning to relax the rules related to the Goods and Services Tax (GST) from November 1. This includes rules regarding discounts offered after sales. Additionally, the process of issuing temporary refunds to businesses facing ‘inverted duty structure’ (higher tax on raw materials and lower tax on finished products) will also be expedited. These measures were announced in the 2026-2027 budget.

Keep an eye on LPG cylinder prices

State-owned oil companies review LPG cylinder prices at the beginning of every month. Any change in commercial LPG cylinder rates may affect restaurants, hotels and other such businesses that depend on LPG for their daily functioning. However, till October 29, no official change in LPG prices has been announced for November 1, 2026. Customers are advised to check the latest rates issued by their LPG distributor before booking a refill.

Date of submission of ‘Life Certificate’

Government pensioners have to submit ‘life certificate’ every year to continue receiving their pension without any hindrance. Pensioners below 80 years of age can submit their life certificate from November 1, while for pensioners aged 80 years or above, the facility is available from October 1. Generally, the last date to submit it is 30 November every year. If the certificate is not submitted within the stipulated time, payment of pension may be stopped temporarily. This will be on hold until the required documents are submitted.

The last date for filing ITR has been extended

The Income Tax Department has extended the deadline for filing returns for those special taxpayers whose accounts are required to be audited. For such taxpayers, the last date for filing income tax returns for assessment year 2026-27 has been extended from October 31 to November 21, 2026. This deadline is only for eligible categories of taxpayers and not for all individuals.

The disability pension reform will not be implemented from November 1

The Union Cabinet has recently approved some changes to increase the scope of disability pension assistance. It includes reducing the minimum disability threshold from 80% to 40% and removing the minimum age requirement for eligibility. Under these approved reforms, the central assistance for eligible beneficiaries below 80 years of age has been increased to Rs. 375 per month and for beneficiaries aged 80 years and above Rs. 625 is proposed. No revised operational guidelines have been issued till date. Therefore, these changes are unlikely to be implemented from November 1. Beneficiaries should wait for the details to be officially implemented.

pnb credit card charges

Punjab National Bank will implement changes in credit card service charges from November 1. Under the new fee structure, requests to redeem reward points on eligible Visa and RuPay credit cards will be charged a fee of Rs 99. A billing cycle of Rs. 50,000 or more will be charged 1% of the total payment amount on utility bill payments. This fee per transaction is a maximum of Rs. Can be up to 2,000. The bank has also changed the cash withdrawal charges and late payment charges. Applicable GST on this will be charged separately. Cardholders should check PNB’s revised fee schedule to know the charges applicable to their card.

Fasteg Annual Pass and New Local Pass Rules

Vehicle owners should be aware of two different arrangements regarding the FASTag Annual Pass. The current nationwide FASTag annual pass costs ₹3,075 for the financial year 2026-27 (increased from ₹3,000 to ₹3,075 on 1 April 2026). The pass is valid for eligible non-commercial vehicles for one year or up to 200 toll crossings (whichever is completed first). This facility is applicable at select National Highway and National Expressway toll plazas.

A separate ‘Local FASTag Pass’ (with concessional rate) will also be available from 1 November 2026. As per the new rules, people living within a 20 km radius of the National Highway Toll Plaza can purchase an annual local pass. The annual fee for toll plazas located outside municipal limits will be Rs 1,500, while the annual fee for toll plazas located within municipal limits will be Rs 3,000.

This local pass will only work at the specific toll plaza for which it is taken. It cannot be used at any other toll plaza. This pass will not be available at certain toll facilities, such as tolls with a ‘closed toll collection system’ or at toll plazas where an alternative route is available.