Clarification regarding cost audit
penta.kiransai (Student CA IPC / IPCC) (56 Points)
08 July 2016penta.kiransai (Student CA IPC / IPCC) (56 Points)
08 July 2016
CA Amrita Chattopadhyay
(Audit & Assurance)
(13459 Points)
Replied 15 July 2016
As per Companies (Cost records and audit) Rules, if the overall annual turnover from all its products exceeds 50 crores and aggregate turnover of individual product excees 25 crores. Thus cost audit will be applicable
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