Cost audit
This query is : Resolved
Ravi Kumar
(Querist)
03 August 2011
Dear Experts:
If any company falling in cost audit records rules as per new notification issued in may 2011 fist time
a) in this case can company will receive the cost audit order letter from central govt or not ?
b)either company have to wait for cost audit letter from the central govt.?
pls clear the my confusion on this , what are the rules applicable .
thanks
Ravi
If any company falling in cost audit records rules as per new notification issued in may 2011 fist time
a) in this case can company will receive the cost audit order letter from central govt or not ?
b)either company have to wait for cost audit letter from the central govt.?
pls clear the my confusion on this , what are the rules applicable .
thanks
Ravi
Preety Parik
(Expert)
03 August 2011
1. The company will not receive any cost audit order under the new notification.
2. All companies that are subject to cost audit as per the new notification will have to file suo moto Form 23C within 90 days. If no querry has been raised by the department within 30 days of filing of the form, it is deemed that the appointment of Cost Auditor is confirmed.
1. The company will not receive any cost audit order under the new notification.
2. All companies that are subject to cost audit as per the new notification will have to file suo moto Form 23C within 90 days. If no querry has been raised by the department within 30 days of filing of the form, it is deemed that the appointment of Cost Auditor is confirmed.
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
- Oct 2025 Invoices
- Under marginal scheme
- Import of Software Service.
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- GST on Renting godown to KFCSC for Storage of Raagi
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
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
