MSME Loan for New Business, Small Business Loan in India
GSTR-3B late fee waiver for prior period July 2017-January 2020 for taxpayers with a Nil liability. A maximum capped in late fee of Rs 500 has been fixed per pending returns for the rest of them, provided it is filed between 1st July 2020 and 30th September 2020.
These relief for Interest and Late fee waiver for taxpayers with aggregate turnover of upto Rs 5 crore.
Period for seeking revocation of cancelled GST registrations allowed till 30th September 2020 for all those registrations which were cancelled till 12th June 2020.
The GST Compensation and its funding will be discussed in a special one-agenda council meeting, which is going to be scheduled in July 2020.
Rate rationalization matter shall be taken up in the next GST council meeting.
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