Cost Account Records

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This query is : Resolved

Nimish (Querist)

20 April 2010 Dear all,

Is the telecommunication company required to maintain a cost records? Is any rule about turnover? If yes, what is the limit of turnover after that cost records should be maintained?
Thanks in advance....

CMA RV Padmakumar.A

CMA RV Padmakumar.A (Expert)

20 April 2010 1. Short title and commencement - (1) These rules may be called the Cost Accounting Records
(Telecommunications) Rules, 2002.
(2) They shall come into force on the date of their publication in the Official Gazette.
2. Application - These rules shall apply to every company engaged in the processing of any one
or more of the telecommunication activities, namely: -
(1) Basic telephony: -
(a) Telephone access
(b) Local call
(c) Subscriber trunk dialing (STD)
(d) International subscriber dialing (ISD)
(2) Cellular mobile;
(3) Telex;
(4) Telegraphy;
(5) Voice mail /Audiotex service;
(6) Internet operations including gateway service/E-mail;
(7) Packet switched public data network (PSPDN) service;
(8) Wireless in local loop (WILL) service;
(9) Public mobile radio trunk service;
(10)Very Small Aperture Terminal service;
(11)Global mobile personnel communication services;
(12)Leased circuits;
(13) Internet ports ;
(14) National Long Distance Operator;
(15) Internet Telephony;
(16) Radio Paging;
(17) Any other telecommunication service for commercial use.
Provided that these rules shall not apply to a company, -
(a) the aggregate value of the machinery and plant installed wherein, as on the last date of the
preceding financial year, does not exceed the limits as specified for a small scale industrial
undertaking under the provisions of Industries (Development and Regulation) Act, 1951
(65 of 1951); and
(b) the aggregate value of the turnover made by the company from sale or supply of all its
products or activities during the preceding financial year does not exceed ten crore rupees.