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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.

 

Misc News/Press Release

Nauni Varsity Already Sold Over 90,000 Fruit Plants, Read About Next Open Sale

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Fruit plant sale at uhf nauni 2021

Solan-The restrictions imposed to prevent the spread of COVID 19 have not affected the annual sale of planting material prepared by Dr. YS Parmar University of Horticulture and Forestry (UHF), Nauni. Despite the restrictions on large gathering, over 90,000 temperate fruit plants have been sold to over 2,500 farmers from the four university nurseries in Nauni and Kandaghat.

This year, the university started the annual sale of planting material from 5th January in a staggered manner by limiting the number of farmers who were allotted plants on any given day ensuring strict compliance with the COVID 19 guidelines. The allotment list of the farmers who had applied for plants by filling the online demand form within the stipulated date was uploaded on the university website. This list mentioned the number of allotted plants along with the date, time and name of the university nursery from where these plants could be collected.

Owing to its high quality, the planting material prepared by the university sees a huge demand among the farmers of the state and the many parts of the country. This year, apple varieties like Jeromine, Red Velox, Scarlett Spur, Granny Smith and Gala Group were among the varieties which were popular among the farmers. Continuing with the trend, the demand for various stone fruits also witnessed an increase along with demand for apple plants from the lower regions.

On Saturday, Dr Parvinder Kaushal, UHF Vice-Chancellor chaired a meeting of the Seed and Planting Cell of the university. It was decided during the meeting that as the university has already provided plants to a majority of the farmers who had filled the demand form, the remaining plants will be open for sale for all farmers. The sale of the remaining planting material of select varieties of apple, pomegranate, plum, pear, peach, apricot, walnut, fig, etc will be open to everyone from 18th January. The farmers have been advised to confirm the availability of the desired variety of fruit plants from the nursery before visiting.

The numbers of the nurseries are as follows- Fruit Science- 9418127315, Model Farm, Nauni -82196 68423, KVK Solan (Kandaghat)- 70188 56503, and Seed Science- 9418140341.

In addition to the planting material provided by the university nurseries in Nauni and Kandaghat, the regional stations/ KVK of the university at Mashobra, Bajaura, Reckong Peo, Rohru, Tabo, and Chamba also supply temperate plants to the growers at different dates. 

 

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COVID-19 Vaccination Drive Launched in Himachal, 1,536 Healthcare Workers Vaccinated on the First Day

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COVID-19 vaccination drive in himachal pradesh

Shimla– The COVID-19 vaccination drive in Himachal Pradesh started from IGMC Shimla after the Nation-wide vaccination drive was launched today by the Centre Government.

In the first round itself, 3 crore people are being vaccinated across the country. This drive would be taken up to 30 crores in the second round when elderly and people with serious co-morbidities will be vaccinated. There are only three countries- India, USA and China, who have a population of more than 30 crores. 

Two types of COVID-19 vaccines have been supplied for the vaccination drive. These include Covishield vaccine (made by Serum Institute of India Ltd) that has been supplied to all States/UTs.

The second is Covaxin vaccine (made by Bharat Biotech International Ltd) that has been supplied to 12 States.

In Himachal Pradesh, the first phase, 93000 doses would be administered to the front line warriors including health care workers of the State, the government informed.

Today 2,499 health care workers were to be administered dose through 27 identified sites in the State. However, only 1535 healthcare workers were vaccinated on the first day. It was 61 percent of this set target. Though a media report highlighted that a few minor incidents where beneficiaries showed symptoms of dizziness, anxiety, nausea and shivering were reported, the government did not dwell upon it much.

Further, about 74500 health workers would be vaccinated and each beneficiary would be provided two doses and the second dose would be administered after an interval of 28 days, the government informed.

State Vaccination Store has been set up at Shimla while Regional vaccine store has been established at Mandi and Dharamshala. District Vaccine Stores have been set up in all the 12 districts of the State besides 386 cold chain points in the State.

AEFI Committees at State and District level has also been notified with additional members of Pulmonologist and Medicine Specialists for casualty assessment of AEFI cases.

Chief Minister Jairam Thakur, however, urged the people of the State to ensure that all precautions are maintained despite having administered COVID-19 vaccine.

Further, in India’s vaccination campaign, those who are at the maximum risk of getting infected will be vaccinated first. Doctors, nurses, hospital sanitation workers and para-medical staff will get the doses first. This priority is available to the medical hospitals in both the public and private sectors.

After the medical staff, the members of essential services, and those responsible for the country’s security and law and order will be vaccinated.  Security forces, police personnel, fire brigade, sanitation workers will be given priority. This number will be nearly 3 crores and Government will bear the expense of their vaccination.

According to the Centre Government, on the first day of the countrywide COVID-19 vaccination program, a total of 3,352 sessions were held wherein 1,91,181 beneficiaries were vaccinated as per the provisional reports. Additional 3,429 beneficiaries were vaccinated in Defence institutions.

Further, according to the official statistics of the HP Health Department, the State reported only 71 new COVId-19 positive cases on January 16, 2021. Only one COVID-19 death was reported in which a 80-year-old male died in Kangra district. So far, the State has reported a total of 56973 cases and claimed 952 lives. If the statistics to be believed, the number of active cases has dropped to 755 today evening. 

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Himachal’s Schools, Colleges to Re-Open for Regular Classes in Feb, DDU Shimla to be Notified Non-COVID Hospital

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Schools re-opens in Himachal Pradesh pradesh

Shimla-Schools in Himachal Pradesh would open for regular classes from February 1, 2021, the State Government decided in a meeting of Cabinet held on Friday.  

All the teachers of summer closing government schools have been asked to attend the schools from 27th of this month. The students of classes 5 and 8 to 12 of summer closing schools would be allowed to attend regular classes from 1st February 2021 by strictly following laid down SOPs. The school management would have to ensure strict use of face masks, social distancing and use of sanitisers in the school premises.

In winter closing schools of Himachal, the students of classes 5 and 8 to 12 would be allowed to attend regular classes after winter vacations with effect from 15th February 2021. Online system for education under Har Ghar Pathshala would continue. The similar system can be adopted by the private schools in the State, the Cabinet suggested.  

 Similarly, ITIs and Polytechnic and Engineering colleges would also be opened from 1st February 2021.  

All the government colleges would be opened for regular classes from 8th February 2021 after winter vacations.

There were reports that the government has also decided to allow gathering of more than 50 people.

It also decided to notify Zonal Hospital Dharamshala and DDU Hospital Shimla as Non-Covid Hospitals.

Further, State Government has constructed four Make Shift Hospitals at IGMC Shimla, CH Nalagarh, RPGMC, Tanda and Medical College, Ner Chowk. Now, the Cabinet said that due to reduction in Covid-19 active cases, the Cabinet decided to use the Make-Shift Hospital at:

  1. IGMC as Medicine Intensive Care Unit
  2. Make-Shift Hospital at RPGMC Tanda as Communicable Diseases/ Infectious Diseases Ward,
  3. Make-Shift Hospital at CH Nalagarh as Trauma Care Centre
  4. Make-Shift Hospital at SLBSGMC Mandi at Ner Chowk as Super Specialty Ward.

The Cabinet gave a mining lease on 599.1935 hectares of area for extraction of limestones and mining minerals for cement plant in villages Kamandal, Kumarla, Gitrata and Aara of Chopal Tehsil in Shimla district for three years to RCCPL Private Ltd., Navi Mumbai.

The Cabinet decided to set up Women Help Desks in District Police Offices and Police Thanas in the State. It also gave its nod to purchase 136 scooty/scooter alongwith 272 helmets and 136 Desktop Computer for the Women Help Desks in Police Department. 

Further, six posts of different categories for newly created Civil Courts at Jhandutta in Bilaspur district and Jaisinghpur in Kangra district would be created and filled, the Cabinet decided.

 

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