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Coronavirus impact: FM offers relief measures, says bigger steps to follow

In a media briefing held through a video conference, Sitharaman also said that a larger economic package will be announced soon

Nirmala sitharaman
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Sitharaman also said that those having aggregate annual turnover of less than Rs 5 crore can file GST returns for March-May by the last week of June.

Arup RoychoudhurySomesh Jha New Delhi
Finance Minister Nirmala Sitharaman on Tuesday extended the deadline for filing tax returns by three months beyond March 31. She also announced a slew of regulatory and compliance measures across sectors to alleviate the hardships being faced by various businesses. This comes as the country enters into an unprecedented lockdown due to the COVID-19 pandemic.

The finance minister also announced removal of charges for three months for debit card holders withdrawing cash from ATMs of other banks and waived the minimum balance fees.

The mandatory requirement of holding meetings of the board of the companies was extended by 60 days