Sec 44 clase for tax audit person

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Kollipara sundaraiah asked 10 months ago

Tax audit it returns filed person business expenses on gst collection expenses claim only or gst registered or non gst registered payment expenses claim allowed.

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Manish answered 10 months ago

We know that the reporting under clause 30C and clause 44 of the Tax Audit Report was kept in abeyance till 31st March, 2021 vide circular no. 10/2020 dated 24.04.2020.

Hence for F.Y 2021-22 reporting of the above-mentioned clauses is mandatory now from 01.04.2022

Clause 44 requires reporting of the following details irrespective whether the assessee is registered or not under GST:-

Total amount of expenditure incurred during the year (including capital & revenue nature exp)

Expenditure in respect of entities registered under the GST (with further break-up between (a) Exempted goods/services from GST (b) Entities falling under composition scheme (c) Relating to the other registered entities (d) Total Payment to Registered entities(a+b+c)
Expenditure relating to entities not registered under GST