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What is COVID-19 Compliance Relief Measures Announced about?

The Finance Minister announced several relief measures across key sectors due to COVID-19, including: - Extending income tax, GST, customs, and corporate compliance deadlines to June 30th and waiving associated penalties and interest. - Providing relief on statutory and regulatory compliance requirements for several sectors like banking, fisheries, and commerce. - Raising the IBC default threshold to ₹1 crore to prevent insolvency proceedings against most MSMEs.

Author

Venkata

Language

EN