FOR INDIA'S BEST CA CS CMA VIDEO CLASSES CALL 9980100288 OR VISIT HERE
Take This Quiz & Predict Your Score in the coming CA CS or CMA Exam!
  • How important it is for you to pass the exam in this attempt?
  • What percentage of course you have finished well so far roughly?
  • How many hours you study in a day?
  • How many times you have revised the topics you have finished
  • Have you taken online or pen drive or live class from a renowned faculty?
  • What percentage of the classes you have watched?
  • Have you attempted mock tests or practice tests yet?
  • Are you planning to attempt mock tests conducted by external bodies- ICAI, ICSI, ICMAI or other institute?
  • How many tests you have taken?
  • Did you manage to finish the test papers on time?
  • Are you strictly following study material provided by the exam conducting authority such as ICAI/ICSI/ICMAI/Other Body?
  • How is your health in general?
  • How is your food habit?
  • Any interest in yoga or exercise or play sports regularly?
  • Planning to sleep well nights before the exams?
  • Planning to have light food and water before exams?
PREV QN NEXT QN

Amended Cost Records and Audit Rules

by Nidi

Amended Cost Records and Audit Rules

  • The Companies are required to maintain Cost Records if turnover exceeds Rs. 35 crores or more during immediately preceding Financial Year in respect of the products and services specified.
  • The New Cost Audit Rules has categorised the Entities into Regulated Sector and Unregulated Sectors; The Entities falling under the Regulated sectors having overall annual turnover of Rs. 50 crores or more and the aggregate turnover of the individual products or services of Rs. 25 crores or more have to get their Cost Records Audited.
  • Six sectors are brought under the Regulated category namely Telecommunication services; Power generation, jaeger lecoultre replica, Transmission, Distribution and Supply; Petroleum products; Drugs and Pharmaceuticals; Fertilisers; Sugar and Industrial alcohol.
  • The Entities falling under the Unregulated category viz. Business of plastics and polymers, glass, electrical, textiles, milk powder businesses, etc., having annual turnover of Rs. 100 crores or more and the aggregate turnover of the individualbreitling replica watches products or services of Rs. 35 crores or more have to get their Cost Records Audited.
  • Exemptions are provided to Companies whose revenue from exports, in foreign exchange, exceeds 75% of total revenue and Companies operating from Special Economic Zones.
  • Casual Vacancy of a cost auditor shall be filled by BOD within 30 days of such vacancy and company shall inform the central government in form CRA-2 cartier replica watches within 30 days of such appointment of cost auditor.
  • Particulars to be included in books of accounts

Amended Cost Records and Audit Rules

Gujarat VAT department has issued circular

At CAKART www.cakart.in you will get everything that you  need  to be successful in your CA CS CMA exam – India’s best faculty  video  classes (online or in pen drive) most popular books of best  authors  (ebooks hard copies) best scanners and all exam related information  and notifications.Visit www.cakart.in and chat with our  counsellors  any time. We are happy to help you make successful in your  exams.

www.cakart.in.

www.cakart.in.

Click here to download FREE CA CS CMA books.

Leave a comment

Your email address will not be published. Required fields are marked *