27 August 2015
A Company with turnover of Rs. 504739212/- and deals in manufacturing of Steel and iron. Please let me know whether Appointment of Cost Auditor is required or not?
27 August 2015
Cost Audit is required. As per section 148(1) of the companies act every company [including companies falling under section 2(42)] whose turnover exceeds Rs. 35 crore during immediately preceding FY should maintain cost records.
CAclubindia
