Synopsis of Important Announcements in Press Meet of Finance Minister

  • INCOME TAX

  • GOODS AND SERVICE TAX

  • Sabka Vishwas Scheme is not extended to 30th June 2020, from 31st March 202 No interest will be levied if you pay dues by 30th June 2020.OTHER IMPORTANT RELIEFS/ANNOUNCEMENTS
  • MCA 21 registry, the moratorium period being issued form 01/04/2020 to 30/09/2020, there will be no late fees for late filling during the said
  • Relaxation of board meetings for 60 days and this relaxation is for next 2
  • CARO 2020 will be applicable from FY 2020-21 instead of FY 2019-2
  • Even if independent director has not attended a single meeting in FY 2019-20, it will not be considered as
  • Newly incorporated companies will get additional time of 6 months for fillings forms related to commencement of business (total time will be 1 year).
  • Directors who have not stayed in India for more than 182 days will not be considered as violation.
  • Custom clearance will be available 24 x 7 up to 06.2020
  • Other few announcements are also made related to Insolvency and Bankruptcy Code, Fisheries, Department of financial services and
By |2020-03-26T10:58:12+00:00March 26th, 2020|News|