Finance Minister announces extension of GST and other deadlines

Finance Minister of India Nirmala Sitharaman held a press conference today (24.3.2020) and announced that the government has extended all important deadlines related to finance to June 30, 2020. Through video conference she addressed the press.

The last date for filing Income Tax returns for fiscal year 2018-2019, GST returns for March, April and May, and deadline for Aadhar-Pan linking are now moved to June,30, 2020. For delayed payment upto June, Interest rate will be reduced from 12% to 9%.

The Finance Minister also said that Debit cardholders who withdraw cash from any bank’s ATM can do it for free of charge for the next 3 months.  She tweeted that the government is preparing an economic package to help the country overcome from the losses faced during lockdown and Covid-19 scenario.