The Union Finance & Corporate Affairs Minister for India Mrs. Nirmala Sitharaman on 24.03.2020 announced several important relief measures in the areas of Income Tax, Goods and Service Tax, Customs & Central Excise, Corporate Affairs, Insolvency & Bankruptcy Code, Fisheries, Banking Sector and Commerce etc., taken by the Government of India in view of COVID-19 outbreak, especially on statutory and regulatory compliance matters related to several sectors.
Union Finance & Corporate Affairs Minister also stated that the Government of India has begun working on an economic package to deal with the impact of the COVID-19 pandemic which may be announced shortly.
The key announcements made by Smt. Nirmala Sitharaman are summarised in the enclosed document.
Please click here for Note on Key Announcements
Contribution by Srinivas Kotni
Founder & Managing Partner of Lexport
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