COVID–19 Statutory and Compliance Relief Measures

In light of COVID-19, there are various Statutory and Compliance Relief Measures undertaken by the Government of India, detailed as under:

Companies Fresh Start Scheme, 2020 (CFSS-2020)

The Ministry of Corporate Affairs on 30th March 2020 issued a circular regarding Companies Fresh Start Scheme 2020.

This is opportunity to all defaulted companies to file the all belated documents as fresh started documents without any additional fees.

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COVID-19 Relief Measures in Income Tax

On 24th March 2020, the Union Finance Minister announced several measures taken by the Government of India in view of the COVID-19 outbreak and nationwide lockdown. The relief measures related to Income tax are detailed below.

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COVID-19 Relief Measures by the MCA

The Ministry of Corporate Affairs has announced various COVID-19 relief measures in respect of compliances for businesses, amidst this global pandemic which is empowering the world. These measures definitely provide the much-needed support and reassurance to companies and LLP’s, registered with the Ministry. The details are stated below:

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COVID-19 Relief Measures in GST

The Government has taken a pro-active approach in announcing COVID-19 Relief Measures in GST and easing out the compliance burden, which is a much-needed relief in the middle of the crisis that the world is facing currently.

The government has notified various relief measures undertaken with respect to GST Compliances. The details are elaborated here:

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