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    <title>Key Relief Measures announced by FM of India- COVID-19</title>
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    <description>Statutory and regulatory compliance timelines across income tax, indirect tax, customs and corporate law are extended to a uniform revised cutoff, with reduced interest rates and waivers of late fees and penalties in specified cases. GST relief differentiates small and large taxpayers, allowing deferred GSTR 3B filing with interest concessions for larger taxpayers and full waivers for smaller ones; composition scheme and related GST filings are similarly deferred. MCA filings attract waiver of additional fees, board meeting periodicity is extended, auditor reporting applicability is postponed, insolvency default threshold is raised, and select banking fees are temporarily relaxed.</description>
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