1. Please fill all the information in Section A – Company Name, Business Type, Sector Type, Financial Year (FY) & Turnover and Business Operation details. To find the applicability of Cost Audit & Records for FY 2018-19, you are supposed to put amount in INR relating to FY 2017-18 (Previous Year).
2. Definition for understanding the sector as per Rules.
Regulated Sector or TABLE A
Telecommunication Services, Generation, Transmission, Distribution and Supply of Electricity, Petroleum products, Drugs and Pharmaceuticals, Fertilizers, Sugar & Industrial Alcohol
Non - Regulated Sector or TABLE B
Industries or Sector other than mentioned in Table A or Regulated Sector, as above
3.Section B – Harmonized System of Nomenclature (HSN) wise turnover of the products covered under Cost Audit Rules, 2014
4.Section C – Provides you the result related to Cost Audit & Records Applicability
5.Clear the data before entering the fresh data again instead of deleting the data.
Important Points :
1.For applicability of Cost Audit Rules, 2011, we recommend contacting us on [email protected] or your local Cost Accountant
2.For more details and Procedures as below we recommend contacting us or local Cost Accountant:
Appointment Procedure of Cost Auditor
Passing of BOD Resolution
Cost Audit Procedure
Penalty, if any to be levied for late filing of the Cost Audit Report or appointment of Cost Auditor or both
Disclaimer:
*The KRG Cost Audit Applicability model is designed to provide helpful information on applicability of the Cost Records and Cost Audit Rules 2014.*The information contained is general in nature and should not be considered as legal, tax, or any other professional advice. We advise you to consult your Cost Accountant familiar with the factual situation for the advice concerning specific products before making any decisions. We do not make any warranties about the completeness, reliability, and accuracy of the Model.
