Our company is engaged in manufacturing and exporting of granites. We have turover of more than Rs. 100 crores. Whether appointment of cost auditor for auditing the cost records is applicable for us? Please advise.
Menu
Cost audit applicability
Replies (3)
Please find the enclosed attachment regarding applicability of cost audit for your company.
According to section 148 of the Companies Act , Read with Companie Cost Audit Rule, As your Company falls under point no 6 of Clause C of Rule 3 of Cost Audit Rule, and as per this rule if the Company is producing more than 1 product or service, any product or service in which the indivisual turnover is rupees 50 crore or more , then Company has to appoint Cost Auditor.
But in case Company is producing any specific product or service and if the net worth of the Company is rupees 150 crore or or turnover of 25 crore or more then the Company has to appoint Cost Auditor
Dear. Arjun plz provide me your email address I will mail you a tool for checking cost audit in any company...
Recent Topic
- Total income less than 12 lakhs but after processi
- Is Getsvision Solutions right for SMTP bulk email
- Queries on Stock/ETF gifting.
- Adding bank account for the deceased for ITR refun
- SALE OF EQUITY ON THE LAST DAY OF THE FY 2024-25 N
- Which ITR form
- Form 103 id delayed for submission for more than 1
- Composition scheme
- Input tax credit under igst under insurance compan
- ITR Form to be used
Related Topics
CAclubindia
