FM ANNOUNCEMENTS
@AlliesFin
Highlights of FM speech
1. Due date of IT returns for FY 18-19 extended to 30/06/20
2. Interest on delayed payments for F Y 18-19 reduced to 9%
3. TDS dates not extended, however interest reduced to 9% till 30/06/2020
4. All dates under I Tax extended to 30/06/2020
5. VsV extended to 30/06/2020 with no additional charge.
6. Mar, Apr and May GST returns including composite returns extended to 30/06/2020
7. Cos with less than 5 car turnover no int, levy or penalty to be charged
8. For above 5 cr no late fee, penalty only int @9%
9. Date for opting for composition extended to 30/06/2020.
By: via @AlliesFin Serve T.ME/ALLiESFiN
