If M/s XYZ Pvt. Ltd., a construction company (Non-regulatory), first time Turnover exceeds 100 Crore in FY 2017-18, whether cost-audit will be applicable for FY 2017-18 or it will be applicable wef FY 2018-19 ?
4 Replies
Sunny
(CA Business)
(401 Points)
Replied 22 September 2018
So for the Financial Year 2018-19, cost audit has to be undertaken and not for FY 2017-18?
maruthi prasad
(19 Points)
Replied 22 September 2018
If Same situation in 2016:17 then cost udit apply for 2017*18
CMA Satish Kumar Gupta
(CMA)
(232 Points)
Replied 22 September 2018
Cost audit will be applicable for the FY 2018-19 but company has to appoint cost auditor before 27th September 2018.
Thanks and regards
CMA Satish Kumar Gupta
Practicing Cost Accountant
Thanks and regards
CMA Satish Kumar Gupta
Practicing Cost Accountant
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