Canteen raw material, utilities and gas as per factories act

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Finance
3340 Points Posted on 26 July 2023

Hi

Is gas, raw materials like vegetables and rice, utensils a direct cost as per factories act. The company is planning to open a new canteen and provide food for free to workers only and no B2C sales even for customers and visitors who visit the plant. This canteen will be located within the factory premises juxtapose to factory itself.

Txs

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On 26 July 2023 at 15:50 Report
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Semi Qualified CA
2822 Points Posted on 26 July 2023
Regarding your question about direct costs, the Factories Act doesn't specifically mention accounting terms such as direct costs. Instead, it focuses on the welfare and well-being of workers.the provision of free food to workers in the canteen might be treated as a perquisite or a fringe benefit provided by the employer.
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On 26 July 2023 at 22:33

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