Sunday , July 21, 2019 |   14:18:19 IST
INTL TAXATION INTL MISC TP FDI LIBRARY VISA BIPA NRI
About Us Contact Us Instant Updates Newsletters
 
NEWS FLASH
 
Former 3-time Delhi CM Sheila Dikshit passes away at 81 TP - If notice issued u/s 271(1)(c) did not specify in which limb of Section 271(1)(c) penalty proceedings had been initiated, then no penalty is leviable: ITAT (See 'Breaking News') TP - Substantial differences on account of turnover filter, renders an entity unfit for purposes of comparison: ITAT (See 'Breaking News') TP - Arm's length rate of interest is rate prevalent in the country where loan is received/consumed and not the country whose enterprise advances loans to its AEs: ITAT (See 'Breaking News') Protocol amending India-China DTAA comes into force from June 5, 2019; Articles 5, 7, 11, 23, 26 & 27 substituted GST - Fake Invoices - Mega Hole in Treasury; Time for Punitive Legislative Measures! (See 'THE COB(WEB)' in TIOL) TP - ALP adjustment is warranted in respect of intra-group services, if there is no evidence to establish rendition of services & fees paid is not commensurate with such services: ITAT (See 'Breaking News') TP - ALP adjustment is warranted to provide margins of comparables in terms of Rule 10B(1)(e)(iii), in case of differences in level of capacity utilization of taxpayer entity to that of comparables: ITAT (See 'Breaking News') I-T - It is fit case for remand if duty is demanded in respect of royalty paid to non-residents whilst records reveal an employee secondment agreement for which due taxes stands paid by Indian entity: ITAT (See 'Breaking News') TP - Substantial margin/variation in turnover of two entities renders them uncomparable for purposes of benchmarking international transaction: ITAT (See 'Breaking News') TP - An otherwise functionally similar company can be deemed to be non-comparable merely because of differences pertaining to their financial years: ITAT (See 'Breaking News') TP - Delay in uploading of Form 3CEB due to electronic glitches at time of uploading, does not go in defiance of Sec 92E and hence no basis to invoke penalty u/s 271BA: ITAT (See 'Breaking News') TP - If no risk is involved in issuing performance guarantee on behalf of AE, then taxpayer entity is not bound to charge any commission for mitigating risk: ITAT (See 'Breaking News') Joblessness in OECD area goes up 68.7% in Q1 (See 'TII Brief') TP - Appellate Revenue Authority should not refrain from discussing case on merits and reach right conclusion, simply because there is no representation on behalf of taxpayer: ITAT (See 'Breaking News') DTAA - Art 13(4) of Indo UAE Treaty cannot be applied in case of sale of mutual fund by NRI, if units of mutual funds transferred by him does not qualify as shares for purpose of Tax Treaty: ITAT (See 'Breaking News')
 
TII SEARCH
 
 
   
Home >>
 

Tax Audit - Clauses 30C & 44 relating to GAAR & GST - CBDT further defers suspension till March 31, 2020
By TII News Service
May 14, 2019 , New Delhi

    

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
CENTRAL BOARD OF DIRECT TAXES
TPL DIVISION
NEW DELHI

CIRCULAR NO

09/2019; Dated: May 14, 2019

Order under section 119 of the Income-tax Act, 1961

Section 44AB of the Income-tax Act, 1961 ('the Act') read with rule 6G of the Income-tax Rules, 1962 ('the Rules') requires specified persons to furnish the Tax Audit Report along with the prescribed particulars in Form No. 3CD. The existing Form No. 3CD was amended vide notification no. GSR 666(E) dated 20th July, 2018 with effect from 20th August, 2018. However, the reporting under clause 30C and clause 44 of the Tax Audit Report was kept in abeyance till 31st March, 2019 vide Circular No. 6/2018 dated 17.08.2018.

Representations were received by the Board that the implementation of reporting requirements under clause 30C (pertaining to General Anti-Avoidance Rules (GAAR)) and clause 44 (pertaining to Goods and Services Tax (GST) compliance) of the Form No. 3CD may be deferred further.

The matter has been examined and it has been decided by the Board that the reporting under clause 30C and clause 44 of the Tax Audit Report shall be kept in abeyance till 31st March, 2020.

[F.No.370142/9/2018-TPL]

(Saurabh Gupta)
Under Secretary (TPL)-III

 
 
INTL TAXATION INTL MISC TP FDI LIBRARY VISA BIPA NRI TII
  • DTAAs
  • TIEAs
  • Limited Treaties
  • Other Treaties
  • Notifications
  • Circulars
  • Circulars (I-T Act, 1922)
  • Instructions
  • Administrative Orders
  • DRP Panel
  • I-T Act, 1961
  • Relevant Portion of I-T Act,1922
  • Relevant Portion of I-T Rules,1962
  • GAAR
  • Equalisation Levy
  • Draft Guidelines
  • Committee Reports
  • FATCA
  • Intl-Taxation
  • Finance Acts
  • Manual on EoI
  • DTC Bill
  • UN Model
  • Miscellaneous
  • OECD Conventions
  • Cost Inflation Index
  • Union Budget
  • Information Security Guidelines
  • Draft Notifications
  • Circulars
  • Instructions
  • Notifications
  • Relevant Sections of Act
  • TP Rules
  • Forms
  • Miscellaneous
  • APA Annual Report
  • APA Rules
  • APA FAQ
  • UN Manual on TP
  • Safe Harbour Rules
  • US Transfer Pricing
  • FEMA Act
  • Exchange Manual
  • Fema Notifications
  • Master Circulars
  • Press Notes
  • Rules
  • RBI Circulars
  • FDI Circulars
  • Reports
  • FDI Approved
  • RBI Other Notifications
  • FIPB Review
  • FEO Act
  • Black Money Act
  • PMLA Notification
  • PMLA Instruction
  • PMLA Bill
  • FM Budget Speeches
  • SEBI
  • Multimodal Transportation
  • Vienna Convention
  • NBFC Reports
  • EXIM Bank LoC
  • Manufacturing Policy
  • FTDR Act, 1992
  • Intellectual Property
  • White Paper on Black Money
  • Posting Policy
  • PMLA Cases
  • Transfer of Property
  • CBR Act, 1963
  • MCA Circular
  • Book Review
  • Limitation Act
  • SSAs
  • EPFO
  • FAQs
  • Acts
  • Rules
  • Guidelines
  • Tourist Visa
  • Notifications
  • Types of Visa
  • Agreements
  • Arbitration
  • Model Text
  • Relevant Portion of I-T Act
  • Circulars
  • I-T Rules, 1962
  • MISC
  • Notification
  • About Us
  • Contact Us
  •  
     
    A Taxindiaonline Website. Copyright © 2010-2019 Taxindiainternational.com Pvt.Ltd. All rights reserved.