Quote from CMA B Mallikarjuna Gupta – Chief Taxologist, Logo

“The announcements made by the Honourable Finance Minister today are the need of the hour for the trade and industry, especially for the MSME Sector. The extension of the date for filing of GSTR-3B is a commendable task as it will give additional cash for the operations of the business. Same is the removal of the late fee, interest, and penalties for the small taxpayers. Granting of additional time of 6 months for conducting the board meetings is a welcome move and companies should ensure that they have the board meetings through video conferencing so that experienced board members and independent directors will be able to participate in the decision-making process which is a critical task at this time.”