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  • Clause 44 of Form 3CD

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    Bhagyashri Panwar
    51 views38 pages
    This document discusses tax audit compliance and record keeping requirements under the Income Tax Act and GST. It addresses whether Clause 44 of Form 3CD is applicable for AY 2022-23, how to make disclaimers, and requirements to maintain expenditure records under the GST Act. It also provides guidance on reconciling information from GSTR-2A and completing Table 14 of GSTR-9C. The document aims to help taxpayers and GST consultants understand compliance obligations and properly disclose information in their returns and audit reports.

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    This document discusses tax audit compliance and record keeping requirements under the Income Tax Act and GST. It addresses whether Clause 44 of Form 3CD is applicable for AY 2022-23, how to make disclaimers, and requirements to maintain expenditure records under the GST Act. It also provides guidance on reconciling information from GSTR-2A and completing Table 14 of GSTR-9C. The document aims to help taxpayers and GST consultants understand compliance obligations and properly disclose information in their returns and audit reports.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
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    51 views38 pages

    Clause 44 of Form 3CD

    Uploaded by

    Bhagyashri Panwar
    This document discusses tax audit compliance and record keeping requirements under the Income Tax Act and GST. It addresses whether Clause 44 of Form 3CD is applicable for AY 2022-23, how to make disclaimers, and requirements to maintain expenditure records under the GST Act. It also provides guidance on reconciling information from GSTR-2A and completing Table 14 of GSTR-9C. The document aims to help taxpayers and GST consultants understand compliance obligations and properly disclose information in their returns and audit reports.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 38

    Tax Audit under IT Act & GST Compliances

    HOW HAS BEEN LAST FEW YEARS?


    Where do you belong to now?
    Agenda
    Clause 44 of 3cd
    History of Clause 44 of Form 3CD
    Is it applicable for AY 2022-23?
    Arguments not available
    Clause 44
    Following Disclaimer can be made?
    Whether any disclaimer are given for other
    clauses?
    Is there no requirement under GST to maintain records as required in Clause 44
    Is there no requirement under GST to maintain records as required in Clause 44
    Section 35(6) / 125 of CGST Act 2017
    Clause 44
    Total Expenditure vs Head Wise Expenditure
    Expenditure vs …….?
    Sub-Division of Expenditure (Registered)
    (Column 3, 4 & 5)
    Expenditure relating to entities falling under Composition Scheme
    Help from GSTR-3B?
    Expenditure relating to Goods or Service
    Exempt from GST
    Non GST Supply?
    Expenditure relating to Other Registered
    Entities
    Total payment to registered entities
    Expenditure relating to entities not registered
    under GST
    Risk of Over reporting in Table 7
    Support from GSTR 2A
    GSTR 2A Reconciliation
    Other Issues
    Check List- Date from Auditee
    Disclosure suggested by ICAI
    Illustration
    Table Presentation
    Table Presentation
    How will you help gst consultant?
    Table 14 of GSTR-9C
    Thank You

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