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ITC declaration in 3cb-3cd

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miyauu mistry

15 Points Posted on 16 September 2020

please guide me if input tax credit details like opening Balance ,credit availed and utilized during the year are required to be filled in tax audit report for financial year 19-20 or there is any relief given till 31.03.2021

Replies (3)

Quick Summary

This discussion clarifies the requirements for declaring Input Tax Credit (ITC) details in the Tax Audit Report (Form 3CD) for the financial year 2019-20. It confirms that Clause 27(a) of Form 3CD must be filled, with no exemptions available for this period. While Clause 44 regarding GST expenditure break-up was relaxed until March 31, 2021, the ITC details under Clause 27(a) remain mandatory.

Sagar Patel

Tax and Business Consultant

11616 Points Posted on 16 September 2020

CLAUSE 27(a) of Form 3CD is required to be filled in tax audit, for F.Y 2019-20, there is no Exemption for this clause.

And in Past means in earlier years also there was no Exemptions / relief.