Tax Audit Report Deferment of GST Reporting & GAAR
Tax Audit is applicable on Every person which falls under any of the category of clause (a) to (e) of section 44AB of Income Tax Act. Accordingly he is required to get his accounts audited by an accountant and furnish the report on such audit. Tax Audit Forms are specified forms under rule 6G. The Forms are 3CA, 3CB, 3CD.
On July, 2018 income tax department has introduced some new clauses in tax audit reporting i.e. in form 3CD. They were:
- clause no 30C which was reporting regarding GAAR and
- clause no 44 which required reporting pertaining to GST compliances.
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