Vikas Jain (Student) (80 Points)
01 August 2018Clause 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.
CA Naveen Chand
(Chartered Accountant)
(12729 Points)
Replied 01 August 2018
expenses other than local purchases
Ruchika Somani
(Coaching and Practice in Tax Audit Law.)
(4429 Points)
Replied 01 August 2018
CA Naveen Chand
(Chartered Accountant)
(12729 Points)
Replied 01 August 2018
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.
Ruchika Somani
(Coaching and Practice in Tax Audit Law.)
(4429 Points)
Replied 01 August 2018
| Originally posted by : NAVEEN CHAND | ||
 |
expenses other than local purchases |
 |
CA Naveen Chand
(Chartered Accountant)
(12729 Points)
Replied 01 August 2018
expenditure doesn't purchases
Vikas Jain
(Student)
(80 Points)
Replied 01 August 2018
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.
CA Naveen Chand
(Chartered Accountant)
(12729 Points)
Replied 01 August 2018
discussion is carry on ...
Vikas Jain
(Student)
(80 Points)
Replied 01 August 2018
It is incorrect. Purchase is also an expenditure.
CA Naveen Chand
(Chartered Accountant)
(12729 Points)
Replied 01 August 2018
find a conclusion soon
but as per my opinion , purchases will not be the part of this
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 01 August 2018
Ruchika Somani
(Coaching and Practice in Tax Audit Law.)
(4429 Points)
Replied 01 August 2018
| Originally posted by : Vikas Jain | ||
|
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. |
|
Ruchika Somani
(Coaching and Practice in Tax Audit Law.)
(4429 Points)
Replied 01 August 2018
| Originally posted by : RAJA P M | ||
|
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. | |
Ruchika Somani
(Coaching and Practice in Tax Audit Law.)
(4429 Points)
Replied 01 August 2018
| Originally posted by : RAJA P M | ||
|
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. | |
Megha Mj
(6 Points)
Replied 19 March 2019
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
CAclubindia
