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Centre may consider extending deadline to avail 15% corporate tax benefit: Report

FM Sitharaman was speaking to representatives at an industry chamber webinar on June 8.

June 11, 2020 / 09:30 AM IST

Finance Minister Nirmala Sitharaman said the government may consider extending the deadline of 15 percent corporate tax benefit for companies that make new investments in manufacturing.

“I will see what can be done… and I take your point for considering an extension in the deadline of March, 31, 2023,” Sitharaman told industry representatives.

The finance minister further clarified that the Emergency Credit Facility for COVID-19 covers “all companies, not just micro, small and medium enterprises” (MSMEs). She added that liquidity issues have been “fairly, clearly addressed”.

Sitharaman also said that all government departments have been asked to clear dues, failure of which can be brought to the Centre’s notice for further action: “If there is any issue with any department, the government will look into it. We are committed to support/intervene.”