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
- CAPITAL GAIN BASE ON NOTIFICATION
- Unregistered suppliers utility
- NRI starting business in India
- ITDS U/S.194T of Firm
- Difference between Date of Payment and Date of Deduction?
- GST not cancelled by tenant
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- The TDS balance for March 26 shows a mismatch between the books and the portal; what should be done
- Resigning a auditor from the company for misconduct
- Bank details not Visible on Traces Portal
- Taxable or Tax exempt
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
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
