banner_ad

Appointment of cost auditor

This query is : Open 
Profile Image

Profile Image

(Querist)
10 July 2017 Dear all, when the cost auditor should be appointed for the financial year 2016-17?
Our company appointed a cost auditor on 12th june 2017 for the F.Y 2016-17 and now the late fees showing is 7200.
why the late fees is showing if we are filing CRA-2 within 30 days of appointment.
please reply if anyone is aware of this scenario.
An early reply shall be appreciated.
Profile Image

Jitendra Joshi

Profile Image

Jitendra Joshi (Expert)
11 July 2017 Sir,

The companies required to get its cost records audited, shall within 180 days of the commencement of every financial year, appoint a cost auditor. In your case the last date for appointment of Cost Auditor for FY 2016- 17 was 30.09.2016, which means you are late in appointment. Thus late fees.

Jitendra Joshi,
Practicing Cost Accountant
Profile Image

Rishabh Raj Chauhan

Profile Image

Rishabh Raj Chauhan (Querist)
11 July 2017 Thank you very much sir.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
07 May 2026
CA Assistant

amit desai and co

Mumbai

CA Final

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
29 April 2026
Associate - Audit, Tax & Compliance

Open Co Consulting LLP

New Delhi

B.Com

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
28 April 2026
Senior Accounts Professional

Vivek S Gupta & Associates

New Delhi

B.Com

View Details