Relaxation of additional fees and extension of last date of filling of CRA-4 (form for filing of cost audit report) for FY 2019-20



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The Institute of Chartered Accountants of India has announced an extension for submitting the Cost Audit Report (CRA-4 form) for the financial year 2019-20. The deadline has been moved from 30th November 2020 to 31st December 2020. This decision was made by the Ministry of Corporate Affairs due to disruptions caused by the COVID-19 pandemic, aiming to provide greater ease of doing business for corporates and professionals.

Due to the COVID-19 pandemic, it has been decided to extend the date for submission of the Cost Audit Report for the Financial Year 2019-20 from 30th November 2020 to 31st December 2020. Read the official announcement below:

Corporate Laws & Corporate Governance Committee
The Institute of Chartered Accountants of India
4th December, 2020

ANNOUNCEMENT

Sub: Relaxation of additional fees and extension of last date of filling of CRA-4 (form for filing of cost audit report) for FY 2019-20

Considering the difficulties faced by the corporates and professionals due to the continued disruption in certain parts of the country and to provide greater Ease of doing business, the Ministry of Corporate Affairs, GOI has clarified via Circular No. 38/2020 dated 1st December, 2020 that in view of large scale disruption caused by the Covid-19 pandemic, it has been decided to extend the date for submission of cost audit report for the financial year 2019-20 by the cost auditor to the Board of Directors of the Companies from 30th November, 2020 to 31st December, 2020.

Circular is available at: http://www.mca.gov.in/Ministry/pdf/GeneralCircularNo.38_01122020.pdf

Members may note the above.

Chairman
Corporate Laws & Corporate Governance
Committee, ICAI
Vice Chairman
Corporate Laws & Corporate Governance
Committee, ICAI

FAQ :

The new deadline for filing the Cost Audit Report (CRA-4) for the financial year 2019-20 is 31st December 2020.

The original deadline for filing the Cost Audit Report for FY 2019-20 was 30th November 2020.

The deadline has been extended due to the difficulties faced by corporates and professionals caused by the disruption from the COVID-19 pandemic.

The form used for filing the cost audit report is CRA-4.

The Ministry of Corporate Affairs, Government of India, clarified the extension via Circular No. 38/2020.




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