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Clarification regarding cost audit
in case of milk dairy if total turnover exceeds 100 Cr but individual products turnover do not exceed 35 Cr each in such case whether cost audit is required is clarified?
Replies (1)
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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