9911796707
TMI BlogCOVID EMERGENCY CREDIT FACILITY IS FOR ALL COMPANIES AND NOT FOR MSMES ONLYX X X X Extracts X X X X X X X X Extracts X X X X ..... COVID EMERGENCY CREDIT FACILITY IS FOR ALL COMPANIES AND NOT FOR MSMES ONLY X X X X Extracts X X X X X X X X Extracts X X X X ..... ssured the industry of all possible Government support with the intent of supporting Indian business and reviving the economy. * Liquidity Support: Statements of Finance Minister: * There is definitely the availability of the liquidity. * We will look into it if there are still issues. * Every Government department has been told to clear dues and if there is any issue with any department, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the government will look into it. * Upcoming Reforms : * the Government will consider an extension in the deadline for availing the 15% corporate tax rate on new investments. * Government want industry to benefit from the 15% corporate tax rate on new investments and considering an extension in the deadline of 31st March, 2023 (only suggestion at present). * Other Key highlights: * MCA ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and SEBI Deadlines: The Finance minister suggested the industry to submit their recommendations related to the ministry of corporate affairs or SEBI deadlines so that necessary steps could be taken. * GST Rate Reduction: * GST rate reduction will go to the Council. But the council is also looking for revenue. * The decision for reduction in rate for any sector has to be taken by the Council ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ".
* Income (I-T) refunds
Income Tax Refund to the corporates have also started and I-T refunds to the tune of ₹ 35,000 crore have been issued in the last few weeks. X X X X Extracts X X X X X X X X Extracts X X X X
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