Cost records & audit

This query is : Open

Krishna Karthik (Querist)
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04 July 2019 My client is running toll plazas and has a turnover of more than 100crs. Does he need to maintain cost reocrds and perform coast audits

CMA Satish Kumar Gupta

CMA Satish Kumar Gupta (Expert)
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01 August 2019 not required.. if he is not engaged in road construction activities

Krishna Karthik

Krishna Karthik (Querist)
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01 August 2019 Thank you sir...is there any specific format for cost records maintenance. Can you provide me with any proforma cost records or where can i get them??

CMA Satish Kumar Gupta

CMA Satish Kumar Gupta (Expert)
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02 August 2019 generally cost records maintenance format varies as per industry type... can you tell me your industry..

Krishna Karthik

Krishna Karthik (Querist)
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02 August 2019 The client is dealing in road construction and maintenance of toll plazas

CMA Satish Kumar Gupta

CMA Satish Kumar Gupta (Expert)
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02 August 2019 Road Construction Activity related cost mentainance records is not issued but there is guidance note on it... you can get it from ICMAI website or give me your email ID I will send you...