https://www.taxtmi.com/article/detailed?id=9037 The ordinance authorises the Central Government to relax and extend statutory timelines and filing, procedural and compliance requirements across specified direct and indirect tax laws for actions falling within the disruption period, permitting staggered dates for different actions; it caps interest on delayed tax payments for the covered period at a reduced monthly rate and suspends penalties and prosecutions for such delays, and includes substantive amendments inserting a new fund reference in exemption provisions and a GST provision enabling retrospective extensions in cases of force majeure. en-us Fri, 03 Apr 2020 10:41:35 +0530 Fri, 03 Apr 2020 10:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9037 The ordinance authorises the Central Government to relax and extend statutory timelines and filing, procedural and compliance requirements across specified direct and indirect tax laws for actions falling within the disruption period, permitting staggered dates for different actions; it caps interest on delayed tax payments for the covered period at a reduced monthly rate and suspends penalties and prosecutions for such delays, and includes substantive amendments inserting a new fund reference in exemption provisions and a GST provision enabling retrospective extensions in cases of force majeure. Articles Other Topics Fri, 03 Apr 2020 10:41:35 +0530 https://www.taxtmi.com/article/detailed?id=9037