Whether tax audit report need to give bifurcation of expenses into GST & non GST payment?
Good news is that the CBDT has deferred GST reporting & GAAR reporting in tax audit report in Form No. 3CD till March 2020.
Earlier, this was deferred till 31.03.2019. Extension by one more year will give relief to the taxpayer and tax professionals. However, one thing is sure, after 31.03.2020, the provision will be operational and may not be extended again despite new Direct Tax Code expected to be released soon.Whether tax audit report need to give bifurcation of expenses into GST & non GST payment?