Thread by @Anurag_Office

Major Announcements by Finance Minister

For FY 2018-19, last date for IT return extended till June 30

Sabka Vishwas scheme for indirect tax extended till June 30

No interest would be levied till then

- GST: Last date for filing March, April, May 2020 returns and composition returns extended till June 30

- For companies with less than Rs. 5 crore turnover, no interest, late fee or penalty will be charged

- For the bigger companies, interest would be 9%

Debit card holders can withdraw cash from any bank's ATM without additional charges for the next 3 months

No minimum balance requirement fee

Bank charges reduced for digital trade transaction for all trade finance consumers

We may suspend sections 7,9,10 for MSME for six months beyond April 30 depending on situation

For newly incorporated companies, additional time of 6 more months to file declaration for commencement of business

For a director in any company, less than minimum residency of 182 days, shall now not be treated as a violation

For newly incorporated companies, additional time of 6 more months to file declaration for commencement of business

For a director in any company, less than minimum residency of 182 days, shall now not be treated as a violation

MCA 21 registry:

No late fee

For board meeting requirements, relaxation of 60 days is applicable for the next two quarters also.

Aadhaar-Pan Card linking date extended till June 30

Vivad Se Vishwas scheme also extended till June 30; no additional charge of 10%

During this period of lockdown, Customs Clearance will be operational 24x7