Applicability of cost audit and cost compliance
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 June 2014
Dear Professional Collegue,
I am working with a Pvt Ltd (Not listed) company having Capital of Rs. 49 cr. & turnover of Rs. 7 Cr for the F.Y. 2013-14. Please let me know whether for F.Y. 2014-15 filling of Cost Audit Required or Cost Compliance Report is sufficient.
I am working with a Pvt Ltd (Not listed) company having Capital of Rs. 49 cr. & turnover of Rs. 7 Cr for the F.Y. 2013-14. Please let me know whether for F.Y. 2014-15 filling of Cost Audit Required or Cost Compliance Report is sufficient.
27 June 2014
cost audit applicable for your industry
06 January 2015
Dear Avinash ji,
As per new Circular Dated 31st Dec, 2014 only Cost Audit is applicable but i come to know from our cost auditor that government is in planning to amend the rules that will take few months.
so as of today its not applicable but in near future it will.
Kindly refer the below link:
https://www.mca.gov.in/Ministry/pdf/Amendment_Rules_01012014.pdf
As per new Circular Dated 31st Dec, 2014 only Cost Audit is applicable but i come to know from our cost auditor that government is in planning to amend the rules that will take few months.
so as of today its not applicable but in near future it will.
Kindly refer the below link:
https://www.mca.gov.in/Ministry/pdf/Amendment_Rules_01012014.pdf
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- Treatment of Pension ?annuity returns on PMVY
- TAN for Partnership
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Free lancer income
- Long Term Service award taxability in hands of company
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
