Category: Finance Ministry

Charging of interest on delayed payments to MSMEs in GeM

Charging of interest on delayed payments to MSMEs in GeM No. F. 6/18/2019-PPDGovernment of IndiaMinistry of Finance Department of Expenditure Procurement Policy Division 512, Lok Nayak Bhawan,New Delhi Dated the 3rd July 2020 OFFICE  MEMORANDUM Subject: Prompt payment to suppliers including MSMEs: Charging of interest on delayed payments …

Relaxations and extensions given in Income Tax /GST compliance deadlines due to corona virus

Extensions / relaxations up to 30.06.2020 for regulatory/statutory compliance of deadlines falling due in the month of March 2020 under Income Tax /GST etc Union Finance Minister Nirmala S Sitharaman in a press conference has given various extensions and relaxations for various regulatory and statutory compliance of deadlines …