Applicability of cost audit and cost compliance
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 June 2014
Dear Professional Collegue,
I am working with a Pvt Ltd (Not listed) company having Capital of Rs. 49 cr. & turnover of Rs. 7 Cr for the F.Y. 2013-14. Please let me know whether for F.Y. 2014-15 filling of Cost Audit Required or Cost Compliance Report is sufficient.
I am working with a Pvt Ltd (Not listed) company having Capital of Rs. 49 cr. & turnover of Rs. 7 Cr for the F.Y. 2013-14. Please let me know whether for F.Y. 2014-15 filling of Cost Audit Required or Cost Compliance Report is sufficient.
27 June 2014
cost audit applicable for your industry
06 January 2015
Dear Avinash ji,
As per new Circular Dated 31st Dec, 2014 only Cost Audit is applicable but i come to know from our cost auditor that government is in planning to amend the rules that will take few months.
so as of today its not applicable but in near future it will.
Kindly refer the below link:
http://www.mca.gov.in/Ministry/pdf/Amendment_Rules_01012014.pdf
As per new Circular Dated 31st Dec, 2014 only Cost Audit is applicable but i come to know from our cost auditor that government is in planning to amend the rules that will take few months.
so as of today its not applicable but in near future it will.
Kindly refer the below link:
http://www.mca.gov.in/Ministry/pdf/Amendment_Rules_01012014.pdf
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Manual Rectification through AO
- IT Return filed defective u/s 139 (9)
- Fixed Deposit Claim Relinquishment by the Nominee
- Defective Return - Tds on advance
- Income Type for interest from government bonds
- TCS ON SOFTWARE SALES
- Not a CA , can we prepare balance sheet
- Valuation of diamonds as on 01.04.2001
- What is meaning of merging of expenses or income in accounts
- Accounting treatment of write off sundry debtors
- Gstr 9 2023-24
- GSTR-9 HSN Summary and Credit Note without item
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- GST RCM not shown in GSTR-3B
- Bill from Dispatched from issue.
Trending Online Classes
-
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
Mr.Balamurugan Ranganathan15 November 2024
CAclubindia
