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GST, ITR filing, Aadhaar-PAN linking deadlines extended, Bank charges waived off in relief measure

FM Nirmala Sitharaman said that the deadline for filing ITR for the FY 2018-19 has been extended till 30 June from the existing last date of 31 March.

New Delhi| Union finance minister Nirmala Sitharaman said on Tuesday the deadline for linking Aadhaar with PAN card has been extended to June 30 from March 31 as the country is under lockdown to stop the spread of the Covid-19 disease, which has infected nearly 500 people and killed nine.

The interest rate on delayed payment of returns has also been cut to 9 per cent from 12 per cent.

Debit cardholders who withdraw cash from any bank ATM can do it free of any charge for the next three months. The measure has been taken to ease the burden on customers who need urgent cash and avoid overcrowding of bank branches.

There will be no charges on not keeping the minimum balance requirement. Country’s largest lender State Bank of India had already waived the requirement of holding a minimum balance in the savings account.

Reduced digital charges for trade transactions.

The finance ministry is already working an economic package to mitigate the impact of coronavirus on the Indian economy. Prime Minister Narendra Modi has also announced setting up of a task force, to be headed by Sitharaman, to look at measures to limit economic hardship caused by the COVID-19 pandemic.

Also Read: Millenial choice of Ola, Uber leading to crisis in Auto Industry: Nirmala Sitharaman

Giving details of the extension of dates to help citizen cope with the lockdown, the finance minister said the Vivad se Vishwas tax dispute resolution scheme has been extended by three months to June 30. Those availing the scheme by the extended deadline will not have to pay 10 per cent interest on the principal amount.

Moreover, due dates for issuing various notices under the Income Tax Act have also been extended.

Reiterating herself, Ms Sitharaman also said that the government is “very close” to come up with an economic package and that it will be announced, “sooner than later”.

Deadline for filing March, April, May GST returns extended to June 30: Sitharaman.

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