Any opinion or comment on newly inserted clause 44 of form 3cd

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Clause 44 of Form 3CD ( as ammended ) asks details about the total expenditure incurred with respect to GST registered and unregistered entities. So, is the expenditure is limited only to the purchases or whatever expenditure debited to Trading and Profit & Loss Account?

Please guide.

Replies (14)

expenses other than local purchases 

It just specifies the word 'expenditure' so in my opinion it means all expenditure debited to PNL and Trading.

The assessee is required to disclose break-up of total expenditure incurred during the year, in relation to the entities registered and not registered under GST.

 

Originally posted by : NAVEEN CHAND
expenses other than local purchases 

reference?

expenditure doesn't purchases 

Thanks for reply.

But I think, it will be very tedious work to find out all expenditure incurred under each head and segregate them into whether such expenditure is paid/incurred with GST registered or unregistered entities.

discussion is carry on ... 

It is incorrect. Purchase is also an expenditure.

find a conclusion soon 

but as per my opinion , purchases will not be the part of this 

No...
Purchases also included in nature of Expenditure.
We will calculate the Total which taxable (with GST) inwards and non taxable (without GST) is required.
Originally posted by : Vikas Jain
Thanks for reply.

But I think, it will be very tedious work to find out all expenditure incurred under each head and segregate them into whether such expenditure is paid/incurred with GST registered or unregistered entities.

It will be an add on agreed but a solution to this is while booking expenditure debiting it to various heads as required.
Originally posted by : RAJA P M
No... Purchases also included in nature of Expenditure.We will calculate the Total which taxable (with GST) inwards and non taxable (without GST) is required.

Agreed
Originally posted by : RAJA P M
No... Purchases also included in nature of Expenditure.We will calculate the Total which taxable (with GST) inwards and non taxable (without GST) is required.

This will actually serve the purpose of filing GST returns and GST audit. Hence making maintenance of accounts perfect.

Check what is written in clause 44....

"Aggregate of Expenditure Reported in item 6,8 to 35, 38 of Part -A -P&L"

Now download the ITR-6 and check in Part -A-P&L for respectiove point number...

It includes purchases also....and other expenses for e.g audfit fees, petrol, frieght, fuel, etc...

You may check the ITR-6 form for better clarity...

thanxxx

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