5. Information required under Clause 44 of Form 3CD [Relevant Provisions: Clause 44 of Form 3CD] Issue: Difficulty in maintenance of detailed information required under Clause 44 of Form 3CD. Existing Provision: As per the existing provisions, the taxpayers have to provide breakup of the total expenditure incurred and paid to registered dealers, unregistered dealers, composition dealers and expenditure exempt from GST. Recommendation: It is suggested to exclude the clause from Form 3CD as the required information is not required to be maintained under either the Income Tax or GST laws.
Source Taxguru
