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The MCA vide its General Circular dtd. 27thSeptember 2021, has extended the last date of filing Cost Audit Report (CAR) to the Board of Directors under rule 6(5) of the Companies (Cost Records and Audit) Rules, 2014. Accordingly, the cost auditor can submit the CAR for the F.Y. 2020-21 to the Board of Directors of the companies by 31stOctober 2021 and it shall not be considered as a violation of rule 6(5). As per rule 6(5), the report is to be submitted by a cost auditor within 180 days from
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FAQ :
The deadline for filing the Cost Audit Report (CAR) for the financial year 2020-21 has been extended to 31st October 2021.
The extension was issued by the Ministry of Corporate Affairs (MCA) via a General Circular dated 27th September 2021.
The filing is governed by Rule 6(5) of the Companies (Cost Records and Audit) Rules, 2014.
Normally, the cost auditor must submit the CAR to the Board of Directors within 180 days from the end of the financial year, which is typically 27th September.
Companies are required to file e-form CRA-4 within 30 days of receiving the CAR. If a company has received an extension for its Annual General Meeting (AGM), the CRA-4 can be filed within the resulting extended period for filing financial statements.
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