CBDT defers furnishing of GST and GAAR details in Form 3CD till March 31, 2021.

[Vijay Kumar Reddy Palagiri]

Dear All,

Kindly note the same.

The Income Tax Department on Monday deferred for the third time the requirement for companies to include in their Income Tax audit report the details of the Goods and Services Tax (GST) and the General Anti-Avoidance Rules (GAAR) due to COVID-19. 

The reporting requirement of these details in income tax audit form has been kept in abeyance till March 31, 2021, which means that all income tax audit reports need not include details on the GST and the General Anti-Avoidance Rules (GAAR) till March 2021.

The Central Board of Direct Taxes (CBDT) in an order said the board has received representations with regard to difficulty in implementation of reporting requirements under clause 30C (pertaining to GAAR) and clause 44 (pertaining to GST compliance) of the Form No. 3CD in view of the global pandemic due to COVID-19 and requested for deferring its applicability.

The matter has been examined and 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 March 31, 2021,” the CBDT said 

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Best regards,

CA CMA Vijay Kumar Reddy P

Suryanarayana Reddy & Co.,

Chartered Accountants,

Hyderabad.

Ph. 09849413907

Office Mail: snra...@gmail.com

Office Ph.No: 040 - 2375 2262

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