👉 Last date for the Income Tax return for the financial year 2018-19, extended to 30th June 2020.
👉 For delayed payments, interest rate reduced from 12% to 9%.
👉 Aadhar-PAN linking date extended till June 30.
👉 Vivad Se Vishwas Scheme extended till June 30. (From April 1 to June 30, no additional 10% payment)
👉 GST Returns last date for March-May extended to June 30, 2020.
👉 For companies with less than Rs 5 crore turnover, no interest, penalty and late fee to be charged on late GST return filing.
👉 For companies with turnover of over Rs 5 crore, no late fee and penalty will be charged on late GST return filing; interest rate reduced to 9%.
👉 Customs clearance becomes an essential service, till June 30th, 2020. It will be working 24/7.
👉 For newly incorporated companies, the requirement to file declaration for the commencement of business, extended by an additional time of 6 more months.
👉 There will be a complete waiver of minimum balance requirements for bank accounts.
👉 Free of charge cash withdrawal from any other bank ATM allowed for debit card holders for 3 months.
👉 PM closely monitoring the situation. An Economic Package will be announced soon.