5. Information required under Clause 44 of Form 3CD [Relevant Provisions: Clause 44 of Form 3CD] Issue: Difficulty in maintenance of detailed information required under Clause 44 of Form 3CD. Existing Provision: As per the existing provisions, the taxpayers have to provide breakup of the total expenditure incurred and paid to registered dealers, unregistered dealers, composition dealers and expenditure exempt from GST. Recommendation: It is suggested to exclude the clause from Form 3CD as the required information is not required to be maintained under either the Income Tax or GST laws.
Source Taxguru
Latest Posts in "India"
- AAR Rules GST Applies to Small Packaged Shrimp Exports, Citing Retail Packaging Criteria
- Supreme Court to Decide if Leasehold Rights Transfer is Taxable Under GST Law
- Only Entity Named as Exporter in Customs Documents Can Claim Service Tax Refund: CESTAT
- CESTAT: Testing Services to Foreign Clients Qualify as ‘Export of Services’ under FTDR Act
- CESTAT Rules Dell India’s Services to Foreign Affiliates Qualify as Export, Allows Appeal
