if company produce electric item like transformer, meter, cable etc..... and 2016-17 FY turnover was 70 Cr than please tell whether cost audit applicable or not for FY 2017-18
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Cost audit
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Applicability of Cost Audit:
Out of the companies required to maintain cost records as per Rule 3, the following companies shall have its records audited annually:
Item A (regulated sector)
- Every company having annual [NOTE 2]turnover from all its products and services in the immediately preceding financial year of Rs. 50 Crore or more and
- The aggregate turnover of the individual product or products or service or services of Rs. 25 Crore or more.
Item B (non regulated sector)
- Every company having annual turnover from all its products and services in the immediately preceding financial year of Rs. 100 Crore or more and
- The aggregate turnover of the individual product or products or service or services of Rs. 35 Crore or more.
please provide list of regulated sector & non regulated sector
Please find enclosed herewith Attach File.
not applicable.
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