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Deadline for filing GST return for March-May extended till June

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New Delhi, March 24 : The Finance Ministry on Tuesday announced the extension of the deadline for filing returns of goods and services tax (GST) for March, April and May 2020 till June 30.

Addressing the media through video conference, Union Finance Minister Nirmala Sitharaman said that the deadline for filing composition returns has also been extended to June 30.

She further said that companies which have a turnover of less than five crore, no interest, no late fee, or no penalty will be charged.

Companies with turnover of above Rs 5 crore will not have to pay any late fee or penalty but will have to file a 9 per cent interest rate for late filing of GST.

“I want to underline is the date for opting for composition scheme is also extended to 30th June 2020.” she said.

The minister also announced the extension of the deadline for filing income tax returns for the financial year 2018-19 till June 30, 2020 in a bid to provide relief amid the coronavirus crisis.

Sitharaman also said that the government has reduced the interest rate on delayed TDS deposit to 9 per cent from the previous 18 per cent.

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Nizamuddin Railway station employee found corona positive

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New Delhi, April 8 (IANS) A 59-year-old employee of Indian Railways who is posted at the Nizamuddin station has been tested positive for coronavirus. The man has a few months left for retirement.

According to the Northern Railway, he was undergoing treatment at Central Hospital of Northern Railway, due to which 15 employees including doctors have also been infected in this hospital. This employee came to the hospital on March 31 and thereafter on April 2 due to poor health. Initially, there were no traces of coronavirus in him.

Deepak Kumar, Public Relations Officer of Northern Railway, said: “On April 2, when the man came to be hospitalized, the doctors suggested him to undergo MRI and CT scan tests. On April 6, when his report came, he was found positive for coronavirus. The patient has been sent to Rammanohar Lohia Hospital.”

Meanwhile, all 15 people of the Northern Railway Central Hospital, who came in contact with the corona-affected railway staff, have been kept in isolation. These people include doctors and nurses.

The infected railway staff works as a supervisor at the Nizamuddin railway station, hence, doesn’t come in direct contact with the people.

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Crowds at UP banks as lockdown extension appears possible

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Lucknow, April 8 (IANS) With newspapers and television channels announcing the possibility of the national lockdown being extended, people, on Wednesday, started rushing to the banks that witnessed substantial crowds.

The police in Uttar Pradesh had a tough time ensuring social distancing outside the banks.

The bank staff also tried to persuade the customers to stand at circled spots to ensure social distancing. However, since most banks do not have shades or porches, the customers were obviously uncomfortable standing in the sun.

Most of the customers at nationalized bank branch in Hazratganj area were senior citizens.

One of them said, “I have been standing here for about 40 minutes. There is no bench or chair for us. Moreover, the sun is right above our heads. There is no problem in waiting but some facilities should be made for senior citizens.”

Another customer, meanwhile, admitted that he had come to withdraw money after learning that the lockdown is likely to be extended.

“My pension has not come till now but I am going to withdraw money from my account because everything is being sold at a premium in the lockdown,” he said.

A police inspector, managing crowds outside another bank, said, “We understand their problem but they should also understand the need for social distancing. We are not enjoying this duty but rules have to be followed.”

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Markets open in red on Wednesday

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Mumbai, April 8: The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a negative note during the morning session of the trade.

The Sensex of the BSE opened at 29,701.92 points and touched a high of 29,916.22. The Sensex touched a low of 29,602.94 points.

On Tuesday the Sensex closed at 30,067.21 points.

The Sensex is trading at 29,743.07 down by 324.14A points or 1.08 per cent.

On the other hand, the broader 50-scrip Nifty at the National Stock Exchange (NSE) opened at 8,688.90 points after closing at 8,792.20 points.

The Nifty is trading at 8,728.60 points in the morning.

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