Covid-19: FM extends deadlines for GST, I-T filing and Aadhaar-PAN linking - Sakshi
Tue, Mar 24, 2020, 04:45 PM
Addressing a press conference, Union Finance Minister Nirmala Sitharaman has extended the deadlines to file IT returns, GST and Aadhaar-Pan linking to June 30, 2020. Free ATM withdrawals for 3 months, she said, adding interest rate has been reduced from 12 per cent to 9 per cent for delayed payments. The finance minister also announced that the companies with less than Rs 5 crore turnover, will not have to pay interest, late fee, or penalty.
However, for bigger companies, no late fee and penalty will be charged but the interest will be levied at a reduced rate of 9 per cent, she added.
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