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COVID-19 Outbreak India: Read All Relief Measures Announced by FM for Various Sectors

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All Relief Measures by Indian Govt in coronaoutbreak

The Union Finance & Corporate Affairs Minister Niramla Sitharaman on March 24th, 2020, announced several relief measures taken by the Government of India in view of COVID-19 outbreak, especially on statutory and regulatory compliance matters related to several sectors.

While addressing the press conference through video conferencing here today, Sitharaman announced relief measures in areas of Income Tax, GST, Customs & Central Excise, Corporate Affairs, Insolvency & Bankruptcy Code (IBC) Fisheries, Banking Sector and Commerce.

Following are the decisions with respect to statutory and regulatory compliance matters related to various sectors: —

Income Tax

  1. Extend last date for income tax returns for (FY 18-19) from 31st March, 2020  to  30th June, 2020.
  2. Aadhaar-PAN linking date to be extended from 31st March, 2020 to 30th June, 2020.
  3. Vivad se Vishwas  scheme – no additional 10% amount, if payment made by June 30, 2020.
  4. Due dates for  issue  of notice, intimation, notification, approval order, sanction order, filing of appeal, furnishing of return, statements, applications, reports, any other documents and time limit for completion of proceedings by the authority and any compliance by the taxpayer including investment in saving instruments or investments for roll over benefit of capital gains   under Income Tax Act,  Wealth Tax Act, Prohibition of Benami Property Transaction Act, Black Money Act,  STT law, CTT Law, Equalization Levy law, Vivad Se Vishwas  law  where the time limit is expiring between 20th March 2020  to 29th June 2020 shall be extended to 30th June 2020.  
  5. For delayed payments of advanced tax, self-assessment tax,  regular tax, TDS, TCS, equalization levy,  STT, CTT  made between 20th March 2020  and  30th June 2020,  reduced interest rate  at 9%   instead of 12 %/18 % per annum ( i.e. 0.75% per month instead of 1/1.5 percent per month) will be charged  for this period.  No late fee/penalty shall be charged for delay relating to this period.
  6. Necessary legal circulars and legislative amendments for giving effect to the aforesaid relief shall be issued in due course.

 

GST/Indirect Tax

  1. Those having aggregate annual turnover less than Rs. 5 Crore Last date can file  GSTR-3B due in March, April and May 2020  by the last week of  June, 2020. No interest, late fee, and penalty to be charged.
  2. Others can file returns due in March, April and May 2020 by last week of June 2020  but the same would attract reduced rate of interest @9 % per annum from  15 days after due date (current interest rate is  18 % per annum). No late fee and penalty to be charged, if complied before till 30th June 2020.
  3. Date for opting for composition scheme is extended till the last week of   June, 2020.  Further, the last date for making payments for the quarter ending 31st March, 2020 and filing of  return for 2019-20 by the composition dealers  will be extended  till the last week of June, 2020. 
  4. Date for filing GST annual returns of FY 18-19, which is due on 31st March, 2020 is extended till the last week of  June 2020.
  5. Due date for issue of notice, notification, approval order, sanction order, filing of appeal, furnishing of return, statements, applications, reports, any other documents, time limit for any compliance under the GST laws where the time limit is expiring between 20th March 2020  to 29th June 2020 shall be extended to 30th June 2020. 
  6. Necessary legal circulars and legislative amendments to give effect  to the aforesaid GST relief shall follow with the approval of GST Council.
  7. Payment date under Sabka Vishwas Scheme shall be extended to 30th June, 2020. No interest for this period shall be charged if paid by 30th June, 2020.

Customs

  1. 24X7 Custom clearance till end of 30th June, 2020
  2. Due date for issue of notice, notification, approval order, sanction order, filing of appeal, furnishing applications, reports, any other documents etc., time limit for any compliance under the Customs Act and other allied Laws where the time limit is expiring between 20th March 2020  to 29th June 2020 shall be extended to 30th June 2020. 

Financial Services

  1. Relaxations for 3 months
    • Debit cardholders to withdraw cash for free from any other banks’ ATM for 3 months
    • Waiver of minimum balance fee
    • Reduced bank charges for digital trade transactions for all trade finance consumers

Corporate Affairs

  1. No additional fees shall be charged for late filing during a moratorium period from 01st April to 30th September 2020, in respect of any document, return, statement etc., required to be filed in the MCA-21 Registry, irrespective of its due date, which will not only reduce the compliance burden, including financial burden of companies/ LLPs at large, but also enable long-standing non-compliant companies/ LLPs to make a ‘fresh start’;
  2. The mandatory requirement of holding meetings of the Board of the companies within prescribed interval provided in the Companies Act (120 days), 2013, shall be extended by a period of 60 days till next two quarters i.e., till 30th September;
  3. Applicability of Companies (Auditor’s Report) Order, 2020 shall be made applicable from the financial year 2020-2021 instead of from 2019-2020 notified earlier. This will significantly ease the burden on companies & their auditors for the year 2019-20.
  4. As per Schedule 4 to the Companies Act, 2013, Independent Directors are required to hold at least one meeting without the attendance of Non-independent directors and members of management. For the year 2019-20, if the IDs of a company have not been able to hold even one meeting, the same shall not be viewed as a violation.
  5. Requirement to create a Deposit reserve of 20% of deposits maturing during the financial year 2020-21 before 30th April 2020 shall be allowed to be complied with till 30th June 2020.
  6. Requirement to invest 15% of debentures maturing during a particular year in specified instruments before 30th April 2020, may be done so before 30th June 2020.
  7. Newly incorporated companies are required to file a declaration for Commencement of Business within 6 months of incorporation. An additional time of 6 more months shall be allowed.
  8. Non-compliance of minimum residency in India for a period of at least 182 days by at least one director of every company, under Section 149 of the Companies Act, shall not be treated as a violation.
  9. Due to the emerging financial distress faced by most companies on account of the large-scale economic distress caused by COVID 19, it has been decided to raise the threshold of default under section 4 of the IBC 2016 to Rs 1 crore (from the existing threshold of Rs 1 lakh). This will by and large prevent triggering of insolvency proceedings against MSMEs. If the current situation continues beyond 30th of April 2020, we may consider suspending section 7, 9 and 10 of the IBC 2016 for a period of 6 months so as to stop companies at large from being forced into insolvency proceedings in such force majeure causes of default.
  10. Detailed notifications/circulars in this regard shall be issued by the Ministry of Corporate Affairs separately.

Department of Fisheries

  1. All Sanitary Permits (SIPs) for import of SPF Shrimp Broodstock and other Agriculture inputs expiring between 01.03.2020 to     15.04.2020 extended by 3 months
  2. Delay upto 1 month in arrival of consignments to be condoned.
  3. Rebooking of quarantine cubicles for cancelled consignments in Aquatic Quarantine Facility (AQF) Chennai without additional booking charges
  4. The verification of documents and grant of NOC for Quarantine would be relaxed from 7 days to 3 days

Department of Commerce

Extension of timelines for various compliance and procedures will be given. Detailed notifications will be issued by the Ministry of Commerce.

 

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Pics of This Policeman Are Making HP Police Deptt Proud, Melting Hearts

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Policeman in Chail solan helping elderly during curfew

Solan-Pictures of a policeman approaching an elderly woman and later carrying a heavy bundle of fodder for her are making Himachal Pradesh Police proud. This policeman is being applauded by not only the people but also by his department. 

The pictures are taken in Chail area of the district where an elderly lady was carrying fodder for livestock from jungle during the relaxation period in curfew.

Head Constable Jasvir Singh Chail Solan

On seeing the elderly lady struggling with a bundle of fodder (green tree-leaves), which appeared to be heavy for her, an on-duty policeman carried the bundle on his back for her.

HP Police Helping People During COVID-19 Curfew

A resident of Kunihar in Solan district posted these pictures on his social media handle. He recognized this policeman as Head-Constable Jasvir Singh, who was also his classmate 17 years ago.

policeman in himachal helping old lady

We don’t know about this policeman in his personal life, but a mention of this gesture is important if seen symbolically in context to the police-citizens relationship.

This compassionate gesture of a policeman, in a time when the police is enforcing curfew and mostly seen dealing strictly with people to make them comply with the law, is melting hearts.

Visuals of people either being beaten or punished physically for breaking curfew did attract criticism not only from the people but also from the DGP SR Mardi.

However, the same policemen are also going a step ahead to help people in various ways during the COVID-19 crisis. In various districts, there are instances where policemen are even spending from their own pockets to help the needy around them. Perhaps, pictures of all of them won’t appear on social media but good policemen are there helping people while discharging their duty. 

These pictures remind us that policemen aren’t devoid of emotion and compassion.  Therefore it becomes duty of every citizen to support the police and make its job of maintaining law and order easier.

 

..SABHI POLICE KI VERDI WALE BURE INSAN NAHI HOTEInka naam mr.jasvir singh hai.mere shehar.(KUNHAR) ke nazdeek…

Posted by Sunny Shandil on Wednesday, 8 April 2020

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PPE Kits Prepared by Himachal’s Self-Help Groups Cost Only Rs 700: Govt

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Himachal SHG making ppe kts1

Shimla- As the World is struggling in its fight against COVID-19, availability of Personal Protection Equipment (PPE) kits for health professionals has also become a matter of prime concern. In this hour distress, Self Help Groups in Himachal Pradesh working under the Rural Livelihood Mission have geared up to meet the demand, the State Government Claimed today.  

Director of Rural Development and State Head Livelihood Mission Lalit Jain said that the Personal Protection Equipment kit prepared by SHGs would cost Rs. 700 and three SHGs have been trained so far with a capacity of 100 kits per day, he added. 

Rural Development and Panchayati Raj Minister Virender Kanwar said that more than 50 Self Help Groups (SHGs) in the State were preparing and producing about 15000 masks everyday to give a helping hand in the fight against COVID-19. He said that 2000 women were involved in this task through various SHGs.

He said that about one lakh masks have been provided to various departments and organizations. The task of producing masks was being done on a war footing, he added.

He said that 3000 women farmers were being encouraged to develop kitchen gardens by utilizing minimum land so that fresh vegetables could be produced. He said that 11 young professionals have been given responsibility for guiding these women farmers and to ensure the marketing of their produce so that they could get a fair price. 

He claimed that an SHG in Sirmaur district has successfully prepared a sanitizer, which costs Rupees one hundred per 200 ml. He said that stress is being laid to train more SHGs to produce more masks.

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 COVID-19 Himahcal: Govt to Launch Extensive Campaign for Tablighi Jamaat Contact Mapping

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Campaign to tablighi jamaat contact mapping in himachal pradesh

Shimla-For contact mapping of Tablighi Jamaat coronavirus infected persons in Himachal Pradesh, the State Government is launching an extensive campaign. The Chief Minister Jairam Thakur said that due to those who have symptoms of the infection and those having any connection with Nizamuddin Tablighi Jamaat of Delhi besides their close contacts, figure of coronavirus is increasing day by day sharply in the country as well as in the State.

The Deputy Commissioners, Superintendents of Police and Chief Medical Officers of the State have already been directed to launch this campaign. Such persons, if found, would be kept in quarantine till they are not medically examined. 

Chief Minister Jairam Thakur urged the people to come forward to identify such people in their areas to check further spread of coronavirus.  He said that the State Government would not hesitate in taking strict action against those who would conceal information about their travel history and those who give shelter to them. 

Other than that Hospital Katha in Baddi area of Solan district has been notified as Hospital for treatment of COVID-19 positive patients. Patients from Solan and Sirmaur districts would be treated in this hospital.

He also claimed said that the State Government had started tele-medicine consultancy facilities in Health and Wellness centres to facilitate the people in getting treatment advise from specialists.

Chief Minister said that no laxity should be permitted in curfew.  He said that vehicles must also be restricted besides ensuring that people do not step out un-necessarily during the relaxation of curfew.  

COVID-19 Himachal Update

As of now, the Department of Health and Family Welfare confirmed that as many as 4855 persons have been kept under surveillance for coronavirus in the State. Out of it, 2387 persons have completed a surveillance period of 28 days. Today, a total of 128 samples were tested, out of which 126 have tested negative. Report of the remaining two is awaited. 

So far, the Department confirmed, 662 persons have been tested in the State for coronavirus. Report of 27 has been confirmed as positive cases. The State has reported one death, migration of four patients, and recovery of two persons. With this, the number of active cases of COVID-19 in Himachal is 20.

Four of the 27 cases have been reported from Chamba district, four from Kangra, seven from Solan, and 12 from Una district.

 

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