Finance Minister Nirmala Sitharaman chaired the 49th GST council meeting over video conferencing. In a major relief to small taxpayers with turnover up to Rs 5 crore, the GST Council halved the interest on delayed filing of GST returns for February, March and April to 9 per cent to 9%, provided the returns are filed by September 2020. Additionally, the deadline for filing returns for May, June and July has been extended till September, without any interest or late fee. Watch the video for all the details.
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