GAAR and GST related compliance in Tax Audit Report Form 3CD deferred by CBDT till 31.03.2020

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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