Update by the Honorable FM Nirmala Sitharaman – 24th March 2020 | ganashri

Update by the Honorable FM Nirmala Sitharaman – 24^th March 2020

Payment under ‘Sabka Vishwas’ scheme extended to 30th June 2020.
No interest, penalty for firms with less than Rs 5 Crores turnover.
Last date of filing GST returns extended to 30th June 2020.
Aadhar Card-Pan Card linking last date extended to 30th June 2020.
Last date to file I-T returns (FY – 2018-19) extended to 30th June 2020.
Extra 6 months given to newly incorporated firms to file declaration.
Mandatory requirement of holding board meetings relaxed for 60 days.
Debit cardholders can withdraw money, free of charge from any bank for next three months.
Govt might suspend Section 7, 9 and 10 of IBC.
Customs clearance will operate 24×7 till 30th June 2020.
Economic relief package to be announced soon, reiterated FM.

** Notifications / guidelines / press release to follow.

Update by the Honorable FM Nirmala Sitharaman – 24th March 2020