Tax and Law Advisor

CBDT REVISED FORM 3CD : GST DETAILS REQUIRED AT EACH EXPENDITURE LEVEL

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CBDT  vide notification dated 20.07.2018 revised the form 3 CD.  Form 3CD for Assessment Year 2018-19 will be the first FORM 3CD post implementation of GST. Hence, CBDT made changes w.r.t. GST reporting.  With this changes, Govt. will gather information of entities who are using unregistered dealers and its quantum. The details required to be submitted is as follows.

S. No Total Amount of Expenditure incurred during the year Expenditure in respect of entities registered under GST Expenditure relating to entities not registered under GST
Relating to goods or services exempt from GST Relating to Entities falling under composition scheme Relating to registered entities Total Payment to Registered Entities
1
2

 

The similar details were required in the return of taxpayers whose books of accounts are not subject to audit.

This will require assessees to keep the details of its vendors in the various categories i.e. registered, exempt, composition and unregistered. However, in case of expenses where reverse charge is applicable, no separate column is given.

 

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