Taxation And Other Laws (Relaxation Of Certain Provisions) Ordinance, 2020

The Government of India promulgated the Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 to bring into effect various tax compliance related measures announced on March 24 in the wake of COVID-19 pandemic.




About:

  1. Extension of several time limits related to direct and indirect tax filings have been extended to June 30, so has the date for passing of order or issuance of notice by tax authorities under various direct taxes and Benami Law

  2. Taxpayers can avail the Sabka Vishwas Legal Dispute Resolution Scheme 2019 till June 30, giving more time to settle their indirect tax disputes.

  3. It also allowed for 100% exemption of donations made to PM Cares fund, set up to aid containment and relief efforts against the virus outbreak. Also, the limit on deduction of 10% of gross income shall also not be applicable for such donations.

  4. Government has enabled itself by amending the CGST Act, 2017, to extend due dates for various compliances including statement of outward supplies, filing refund claims, filing appeals, among others, on recommendations of the GST Council. 

Source : Indian Express

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