Requirement of cost audit
This query is : Open
pooja saini
(Querist)
20 October 2016
hii..please describe the conditions in which cost audit is required for pvt.ltd.co.
Jatin Bajaj
(Expert)
22 October 2016
as per rule 4 of cost audit rules, every company specified in rule 3 A of cost audit rules shall gets cost audit if the overall turnover of the company from all of its products and services during immediately preeceding financial year is 50 crore or more and agregate turnover from indivisual products or services is 25 crore or more. (for item A)
and for item B , IF THE OVERALL TURNOVER OF THE COMPANY FROM ALL OF ITS PRODUCTS AND SERVICES DURING IMMEDIATELY PREECEDING FINANCIAL YEAR IS 100 CRORE OR MORE AND FROM SINGLE PRODUCT OR SERVICE IS RUPEES 25 CRORE OR MORE
and for item B , IF THE OVERALL TURNOVER OF THE COMPANY FROM ALL OF ITS PRODUCTS AND SERVICES DURING IMMEDIATELY PREECEDING FINANCIAL YEAR IS 100 CRORE OR MORE AND FROM SINGLE PRODUCT OR SERVICE IS RUPEES 25 CRORE OR MORE
05 December 2016
Ms Pooja plz provide me your email address I will mail you a tool for checking cost audit in any company...
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