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"
- FM Sitharaman Confirms GST Rate Cut Implementation on September 22, 2025
- Government Reduces GST Across Sectors, Prices to Drop from September 22, Boosting Consumer Demand
- GST Council Proposes Major Tax Reforms: Simplified Rates, Exemptions, and Reductions
- India’s GST Council Recommends Tax Exemptions, Simplified Structure, and Rate Reductions Effective September 22
- Nirmala Sitharaman Explains GST Reforms Using Popcorn Example to Highlight Classification Challenges
