GST and GAAR details in Tax audit report deferred till March 2019

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The revenue department has delayed implementation of a reporting norm for the tax auditors. Under the new rule, the tax auditors will have to give all the details of GST and general anti-tax avoidance rules (GAAR) till March 31, 2019.

Changes made in 3CD

Under the Income Tax Act, an individual has to furnish the  Audit report in addition to the specifics as mentioned in Form No 3CD. Now, the Central Board of Direct Tax has made some changes in the Form 3CD with effect from August 20. Under the new form, there has been several inclusions made such as interest deduction limitation, general anti-tax avoidance rules, secondary adjustment, expense break-up linked with the entities and so on.

After looking into the matter, the board has decided that reporting as per proposed clause 30C and proposed clause 44 of the  Audit should be deferred till March 3, 2019. It implies that the Tax audit reports that would be furnished after August 20 and before April 1, 2018, “the tax auditors will not be required to furnish details called for under the said clause 30C and clause 44 of the Tax audit report.”

Only those taxpayers who fall under the section 44AB for tax audit would get the relief.  Also, the Tax return form 6 requires the company to furnish the break-up of GST expenses in case it is not liable for audit. These companies would not be granted any relied and will have to report GST expenditure break-up when they file the ITR.


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An MBA in finance, I like to cover the wide range of topics related to Taxation, SEBI, Finance and anything that is Public Helpful. The motive is always to make it simpler for the taxpayers understand the system better and take informed decisions.

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