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New definition of MSME as announced by Finance Minister on 13th May 2020

On 13th May 2020, the Honourable Finance Minister announced a set of relief measures as a part of "Atman Nirbhar Bharat" a Stimulus package - in lieu of the Covid 19 situation, wherein the FM announced the much awaited change in the definition of MSM

In a Relief for taxpayers, deadline to file ITRs for F.Y. 19-20 extended

In a Relief for taxpayers, deadline to file ITRs for F.Y. 2019-2020 i.e. A.Y. 2020-2021 extended. The due dates for annual filings and various compliances are extended by the Government of India due to loss of working days during the lockdown period

GST Updates that have been introduced between 24th March 2020 to 6th May 2020

Several GST Changes have been introduced regarding extension in date of filing of various GST Returns & Forms and waiver of penalty and miscellaneous provisions been introduced by FM in the past days due to the adverse conditions created by COVID-19

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