Centre defers GAAR, GST reporting in tax audit forms

New Delhi:  The government on Monday deferred reporting of compliance related to Goods and Service Tax (GST) and the dreaded General Anti-Avoidance Rules (GAAR) in the income tax audit reports by a year. The move is a major relief to businesses struggling to cope with the challenges of the Coronavirus pandemic. The Central Board of Direct Taxes (CBDT) said in a notification that several repre…