Reporting under clause 30C & 44 of the tax audit report further extended

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CBDT has further extended the implementation of reporting requirements under clause 30C & 44 has  till March 31st, 2021** vide⏩ circular no 10/2020 dated 24/04/2020 .**

Update:
**CBDT has further extended the implementation of reporting requirements under clause 30C & 44 has  till March 31st, 2022 vide Circular No. 05/2021, Dated 25th March, 2021
  • Clause 30C is pertaining to General Anti-Avoidance Rules (GAAR)) and 
  • Clause 44 is pertaining to Goods and Services Tax (GST) compliance) of the Form No. 3CD 
Clause 44 ask for break-up of total expenditure of entities registered or not registered under the GST
In the said clause, total expenditure incurred by the assessee should be bifurcated in two baskets i.e

 (a) entities registered under GST; and
(b) entities not registered under GST.

Further, expenditure in respect of (a) should be further bifurcated to goods / services exempt from GST, expenses in relation to entities registered under composition scheme and expenses relating to other registered entities.

In view of the prevailing situation due to COVID-19 pandemic across the country, it has been decided by the Board that the reporting under clause 30C and clause 44 of the Tax Audit Report shall be kept in abeyance till 31st March, 2022.

This is fourth time CBDT has deferred implementation of reporting under Clause 30C & Clause 44 of the tax audit report.

#Read changes in the tax audit report for AY 2021-22 here

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