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Reporting of capital expenditure in clause 44
from #TaxmannPPT | Threadbare Discussion on Clause 44 of Income-tax Form 3CD | Daksm & Co. LLP
by Taxmann
Clause 44 – Applicability
1. Clause 44 is applicable for all 3CD reports issued after 31st March 2022. 2. Para 82.16 of GN: Reporting is qua PAN, not GSTIN 3. Para 82.4 of GN: Applicable even if auditee is not registered under GST (e.g., Doctors,
Lawyers, GTAs) 4. Applicable even if auditee is registered and his entire/part income is exempt.
Clause 44: Overview
Clause 44: Break-up of total expenditure of entities registered or not registered under the GST -
1. Col. 2: Total amount of Expenditure incurred during the year 2. Expenditure in respect of entities registered under GST 1. Col. 3: to goods or services exempt from GST 2. Col. 4: Relating to entities falling under composition scheme 3. Col. 5: Relating to other registered entities 4. Col. 6: Total payment to registered entities (sum total of 1, 2 and 3 3. Col. 7: Expenditure relating to entities not registered under GST
