GAAR and GST related compliance in Tax Audit Report Form 3CD has been deferred by The Central Board of Direct Taxes till 31.03.2020 through Circular No. 9/2019. Previously, in 2018, a similar extension was given for inclusion of compliance with GAAR and GST in Revised Form 3CD till 31.03.2019 through Circular No. 6/2018.
Form 3CD is issued by a Chartered Accountant under Section 44AB. It is divided into two parts, namely Part A and Part B. Part A encompasses the factual matrix of the assessee, while Part B requires particulars of adherences with the provisions of Income Tax Act, 1961. With effect from 20.08.2018, the existing Form No. 3CD was amended through Notification No. GSR 666E dated 20.07.2018.
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