CBDT decides that the reporting under Clauses 30C and 44 of the Tax Audit Report will be in abeyance till March 31, 2020

May 16, 2019 | by Avantis RegTech Legal Research Team


The Central Board of Direct Taxes (CBDT) on May 14, 2019, has decided that the reporting under clause 30C pertaining to General Anti-Avoidance Rules (GAAR) and clause 44 pertaining to Goods and Services Tax (GST) compliance of the Tax Audit Report will be in abeyance till March 31, 2020.

As per the Income-tax Act, 1961 and the Income-tax Rules, 1962, specified persons are required to furnish the Tax Audit Report along with the prescribed particulars in Form No. 3CD. The existing Form No. 3CD was amended vide Notification No. GSR 666(E) dated July 20, 2018 with effect from August 20, 2018. However, the reporting under clause 30C and clause 44 of the Tax Audit Report was kept in abeyance till March 31, 2019 vide Circular No. 6/2018 dated August 17, 2018.

However, representations were received that the implementation of reporting requirements under clause 30C and clause 44 of the Form No. 3CD may be deferred further.

Therefore, CBDT examined the decided that the reporting under clause 30C and clause 44 of the Tax Audit Report shall be kept in abeyance till March 31, 2020.

[Circular No. 9/2019]

Click here to download the Circular.


Bookmark

Related Updates



Alternate Text

Get updates on the go on RuleZbook Mobile App.