Cost accounting records

This query is : Open

CA Sanjay Baheti (Querist)
Follow

08 June 2013 My client being a Pvt Ltd Co.engaged in Manufacturing of Metal based Products i.e.Copper/Nickel Ferro Alloys Billets.Total Turnover is Rs.229.39 Lacs during the F.Y.2012-13.

Now query is whether Maintenance of Cost Accounting Records has prescribed by the Central Government for the said Industry & Product as per section 209(1)(d) of the Companies Act.this is required for CARO Reporting in Auditors Report.

Please reply earliest.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
Follow

14 June 2013 Yes. you case is Costing records will apply

CA Sanjay Baheti

CA Sanjay Baheti (Querist)
Follow

15 June 2013 Thanks for reply.But i think for the purposes of applicability of such rules the turnover limit is exceeding Rs.50 crores during the year under review & also the Co. should be listed one.is it correct or not.Please confirm with elaborate explanation.

Regards

CA SANJAY BAHETI

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
Follow

15 June 2013 Whether you are asking applicability of costing records or Cost audit?

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now