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.
expenses other than local purchases
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 | ||
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expenses other than local purchases |
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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
| Originally posted by : Vikas Jain | ||
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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. |
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| Originally posted by : RAJA P M | ||
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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 : RAJA P M | ||
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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. | |
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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Kolkata
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