Finance minister Nirmala Sitharaman announced key points in view of the coronavirus pandemic spreading its wings and impacting the economy.
*Last date for filing March, April and May 2020 GST returns extended to June 30, 2020. For delayed payments made till June 30, the interest rate has been reduced to 9% from 12%.
*For a delayed deposit of TDS, interest has been reduced to 9 % from 18%
*The deadline for many Acts and schemes, including Sabka Vishwas Scheme, has also been pushed to 30 June 2020.
*Aadhaar-PAN linking deadline extended to Jun 30.
*Charges on cash withdrawal from other bank ATMs and penalties for non-maintenance of minimum balance in bank savings accounts have been waived for 3 months. The bank charges for digital trade transactions have also been reduced.