The Central Board of Direct Taxes (CBDT) has once again delayed the reporting under Clause 30C and Clause 44 under the Tax Audit Report till the date 31st March 2022 due to the COVID-19 pandemic across the country vide Order under section 119 of the Income-tax Act, 1961 issued vide Circular No. 5/2021 dated 25/03/21.
The changes in Tax Audit Report for Clause 30C pertains to General Anti-Avoidance Rules and Clause 44 pertains to Goods and Services Tax (GST) compliance of Form 3CD is deferred for the fourth time till March 2022.
The existing Form No. 3CD was amended by notification no. GSR 666(E) dated 20th July 2018 and effective from 20th August 2018 to include reporting under Clause 30C and Clasue 44. However, the reporting as per clause 30C and clause 44 of the Tax Audit Report was held in abeyance till 31 March 2019 vide Circular No. 6/2018 dated August 17, 2018 which was subsequently extended to 31 March 2020 vide Circular No. 9/2019. And then vide circular no. 10/2020 dated April 24, 2020 it was further extended to 31 March 2021.
This Article was authored by Tushant a passionate blogger by .
Co-founded Tax Ninja with the aim to serve knowledge digitally.
He's on a valiant quest to share his knowledge of Income Tax and GST.
Life motto : Do my best, so that I can't blame myself for anything
