10.2.6-Companies (Cost Records and Audit) Rules, 2014
6. Cost audit.– (1) The category of companies specified in rule 3 and the thresholds limits laid down in rule 4, shall within one hundred and eighty days of the commencement of every financial year, appoint a cost auditor.
that before such appointment is made, the written consent of the cost auditor to such appointment, and a certificate from him or it, as provided in sub-rule (1.A), shall be obtained.
The cost auditor appointed under sub-rule (1) shall submit a certificate that-
(a) the individual or the firm, as the case may be, is eligible for appointment and is not disqualified for appointment under the Act, the Cost and Works Accountants Act, 1959 (23 of 1959) and the rules or regulations made thereunder;
(b) the individual or the firm, as the case may be, satisfies the criteria provided in section 141 of the Act, so far as may be applicable;
(c) the proposed appointment is within the limits laid down by or under the authority of the Act; and
(d) the list of proceedings against the cost auditor or audit firm or any partner of the audit firm pending with respect to professional matters of conduct, as disclosed in the certificate, is true and correct.
(2) Every company referred to in sub-rule (1) shall inform the cost auditor concerned of his or its appointment as such and file a notice of such appointment with the Central Government within a period of thirty days of the Board meeting in which such appointment is made or within a period of one hundred and eighty days of the commencement of the financial year, whichever is earlier, through electronic mode, in , along with the fee as specified in Companies (Registration Offices and Fees) Rules, 2014.
(3) Every cost auditor appointed as such shall continue in such capacity till the expiry of one hundred and eighty days from the closure of the financial year or till he submits the cost audit report, for the financial year for which he has been appointed.
that the cost auditor appointed under these rules may be removed from his office before the expiry of his term, through a board resolution after giving a reasonable opportunity of being heard to the Cost Auditor and recording the reasons for such removal in writing;
that the to be filed with the Central Government for intimating appointment of another cost auditor shall enclose the relevant Board Resolution to the effect:
Provided also that nothing contained in this sub-rule shall prejudice the right of the cost auditor to resign from such office of the company
Any casual vacancy in the office of a cost auditor, whether due to resignation, death or removal, shall be filled by the Board of Directors within thirty days of occurrence of such vacancy and the company shall inform the Central Government in within thirty days of such appointment of cost auditor
The cost statements, including other statements to be annexed to the cost audit report, shall be approved by the Board of Directors before they are signed on behalf of the Board by any of the director authorised by the Board, for submission to the cost auditor to report thereon
(4) Every cost auditor, who conducts an audit of the cost records of a company, shall submit the cost audit report along with his or its reservations or qualifications or observations or suggestions, if any, in .
Every cost auditor shall forward his duly signed report to the Board of Directors of the company within a period of from the closure of the financial year to which the report relates and the Board of Directors shall consider and examine such report, particularly any reservation or qualification contained therein.”;
(5) Every cost auditor shall forward his report to the Board of Directors of the company within a period of one hundred and eighty days from the closure of the financial year to which the report relates and the Board of Directors shall consider and examine such report particularly any reservation or qualification contained therein.
Every company covered under these rules shall, within a period of from the date of receipt of a copy of the cost audit report, furnish the Central Government with such report along with full information and explanation on every reservation or qualification contained therein, in in Extensible Business Reporting Language format in the manner as specified in the Companies (Filing of Documents and Forms in Extensible Business Reporting language) Rules, 2015 along with fees specified in the Companies (Registration Offices and Fees) Rules, 2014.”
the Companies which have got under section 96 (1) of the Companies Act, 2013, may file form CRA-4 within resultant extended period of filing financial statements under section 137 of the Companies Act, 2013.
(6) Every company covered under these rules shall, within a period of thirty days from the date of receipt of a copy of the cost audit report, furnish the Central Government with such report along with full information and explanation on every reservation or qualification contained therein, in form CRA-4 along with fees specified in the Companies (Registration Offices and Fees) Rules, 2014.
(7) The provisions of sub-section (12) of section 143 of the Act and the relevant rules made thereunder shall apply mutatis mutandis to a cost auditor during performance of his functions under section 148 of the Act and these rules.
To view the return,Click Here
Refer General Circular No. 18/2021-Extention of last date of filing of Cost Audit Report to the Board of Directors dated 29.10.2021. To view the circular, Click Here
Extension of last date for filling of Cost Audit Report to the Board vide circular dated 27.09.2021. To view the circular, Click Here
Refer MCA Circular dated 10.09.2020 regarding relaxation of additional fees and extension of last date for filing form CRA-4 for FY 2019-20. To view the circular, Click Here.
Refer Circular dated 01.12.2020 regarding further extension of last date of filing. To view the circular, Click Here
MCA has further extended the last date to File CRA-4 (cost audit report) for FY 2018-19 without additional fees till 29.02.2020 vide its Circular dated 30.12.2019. To view the Circular. Click Here.
MCA has extended the last date to file Form CRA-4 for FY 2018-19 to 31.12.2019 vide its Circular dated 24.10.2019. To view the Circular. Click Here.
MCA has extended the time limit for filing form CRA – 4(Cost Audit Report in XBRL format)for the Financial year ended 31.03.2018 with the Registrar of Companies without paying additional fees up to 31.12.2018 vide its circular dated 10.12.2018. To view the Circular,Click Here .
The last date of filing form CRA-4 without additional fee is extended till 31.12.2017 for the financial years starting on or after 1st April, 2016 vide General Circular No. 15/2017 dated 04.12.2017. To view the Circular, Click Here
Refer General Circular 15/2021 for extension of last date for filling of Cost Audit Report to the Board dated 27.09.2021. To view the circular, Click Here
Refer MCA Circular dated 10.09.2020 regarding relaxation of additional fees and extension of last date for filing form CRA-4 for FY 2019-20. To view the circular, Click Here.
Companies (cost records and audit) Amendment Rules, 2016 [GSR 695(E)] dated 14/07/2016
Companies (Cost Records and Audit) Amendment Rules, 2018 dated 03.12.2018
Circular on Relaxation of additonal fees and extension of last date of filing of CRA 4(Cost Audit Report in XBRL Format) dated 10.12.2018
Circular pertaining to relaxation of additional fees and extension of last date to file CRA-4 (cost audit report) for FY 2018-19 under the Companies Act, 2013 dated 30.12.2019
Circular relaxing additional fees and extension of last date to file Form CRA-4 for the FY 2018-19 dated 24.10.2019
General Circular 15/2017
General Circular 15/2021- Extension of last date for filling of Cost Audit Report to the Board dated 27.09.2021
General Circular No. 18/2021-Extention of last date of filing of Cost Audit Report to the Board of Directors dated 29.10.2021
General Circular No. 38/2020-Relaxation of additional fees and extension of last date of filing of CRA-4 for FY 2019-20 under Companies Act, 2013 dated 01.12.2020
MCA Circular dated 10.09.2020 regarding relaxation of additional fees and extension of last date for filing form CRA-4 for FY 2019-20
CRA- 2 (Form of intimation of appointment of cost auditor by the company to Central Government.)
CRA-3 (FORM OF THE COST AUDIT REPORT)
Form CRA-3
[Pursuant to rule 6(4) of the Companies (Cost Records and Audit) Rules, 2014]
FORM OF THE COST AUDIT REPORT
I/We, …………………………………. having been appointed as Cost Auditor(s) under section 148(3)of the Companies Act, 2013(18 of 2013) of ………………………………………………. (mention name of the company) having its registered office at ……………………………….. (mention registered office address of the company) (hereinafter referred to as the company), have audited the Cost Records maintained under section 148 of the said Act, in compliance with the cost auditing standards, in respect of the …………………………… [mention name (s) of Product(s)/service(s)] for the period/year ……………………..(mention the financial year) maintained by the company and report, in addition to my/our observations and suggestions in para 2.
(i) I/We have/have not obtained all the information and explanations, which to the best of my/our knowledge and belief were necessary for the purpose of this audit.
(ii) In my/our opinion, proper cost records, as per rule 5 of the Companies (Cost Records and Audit) Rules, 2014 have/have not been maintained by the company in respect of product(s)/service(s) under reference.
(iii) In my/our opinion, proper returns adequate for the purpose of the cost audit have/have not been received from the branches not visited by me/us.
(iv) In my/our opinion and to the best of my/our information, the said books and records give/do not give the information required by the Companies Act, 2013, in the manner so required.
(v) In my/our opinion, the company has/does not have adequate system of internal audit of cost records which to my/our opinion is commensurate to its nature and size of its business.
(vi) In my/our opinion, information, statements in the annexure to this cost audit report gives/does not give a true and fair view of the cost of production of product(s)/rendering of service(s), cost of sales, margin and other information relating to product(s)/service(s) under reference.
(vii) Detailed unit-wise and product/service-wise cost statements and schedules thereto in respect of the product /service under reference of the company duly audited and certified by me/us are/are not kept in the company.
2. Observations and suggestions, if any, of the Cost Auditor, relevant to the cost audit.
Dated: this ____ day of _______ 20__
at ______ (mention name of place of signing this report)
CRA-4 (Form for filing Cost Audit Report with the Central Government.)
Form CRA 3 (Substituted vide Companies (cost records and audit) Amendment Rules, 2017) [Effective from 1 Apr.2016]
Form CRA-3
[See rule 6(4) of the Companies (Cost Records and Audit) Rules, 2014]
FORM OF THE COST AUDIT REPORT
I/We,…………………. having been appointed as Cost Auditor(s) under sub-section (3) of section 148 of the Companies Act, 2013 (18 of 2013) of …………………….(mention name of the company) having its registered office at ………………….. (mention registered office address of the company) (hereinafter referred to as the company), have audited the Cost Records maintained under section 148 of the said Act, in compliance with the coslt auditing standards, in respect of the……[mention name (s) of Product(s) / service(s)] for the period/year………… (mention the financial year) maintained by the company and report, in addition to my/our observations and suggestions in paragraph 2.
(i) I/We have/have not obtained all the information and explanations, which to the best of my/our knowledge and belief were necessary for the purpose of this audit.
(ii) In my/our opinion, proper cost records, as per rule 5 of the Companies (Cost Records and Audit)Rules, 2014 have/have not been maintained by the company in respect of prodtct(s)/service(s)under reference.
(iii) In my/our opinion, proper retums adequate for the purpose of the Cost Audit have/have not been received from the branches not visited by me/us.
(iv) In my/our opinion and to the best of my/our information, the said books and records give/do not give the information required by the Companies Act, 2013, in the manner so required.
(v) In my/our opinion, the company has/does not have adequate system of internal audit of cost records which to my/our opinion is commensurate to its nature and size of its business.
(vi) In my/our opinion, information, statements in the annexure to this cost audit report give /does not give a true and fair view of the cost of production of product(s)/rendering of service(s), cost of sales, margin and other information relating to product(s)/service(s) under reference.
(vii) Detailed unit-wise and product/service-wise cost statements and schedules thereto in respect of the product/service under reference of the company duly audited and certified by me/us are/are not kept in the company.
2. Observations and suggestions, if any, of the Cost Auditor, relevant to the cost audit.
Dated: this __________ day of 20___at _________ (mention name of place of signing lhis report)
SIGNATURE ANO SEAL OF THE COST AUDITOR (S
)MEMBERSHIP NUMBER (S)
NOTES:
(1) Delete words not applicable.
(2) If as a result of the examination of the books of account, the Cost Auditor desires to point out any material deficiency or give a qualified report, he or she shall indicate the same against the relevant para(i) to (vi) in the prescribed form of the Cost Audit Report giving details of discrepancies he/she has come across.
(3) The report, suggestions, observations and conclusions given by the Cost Auditor under this paragraph shall be based on verified data, reference to which shall be made here and shall, wherever practicable, be included after the company has been afforded an opportunity to comment on them.
Annexure to the Cost Audit Report
Part-A
1. General Information
| 1 | Corporate identity number or foreign company registration number | |
| 2 | Name of company | |
| 3 | Address of registered office or of principal place of business in India of company | |
| 4 | Address of corporate office of company | |
| 5 | Email address of company | |
| 6 | Date of beginning of reporting Financial year | dd/mm/yyyy |
| 7 | Date of end of reporting Financial year | dd/mm/yyyy |
| 8 | Date of beginning of previous financial year | dd/mm/yyyy |
| 9 | Date of end of previous financial year | dd/mm/yyyy |
| 10 | Level of rounding used in cost statements (in INR) | Absolute/thousands/lacs/crores |
| 11 | Whether Indian Accounting Standards are applicable to the company | Yes/No |
| 12 | Number of cost auditors for reporting period | |
| 13 | Date of board of directors meeting in which annexure to cost audit report was approved | |
| 14 | Whether cost auditors report has been qualified or has any reservations or contains adverse remarks | |
| 15 | Consolidated qualifications, reservations or adverse remarks of all cost auditors | |
| 16 | Consolidated observations or suggestions of all cost auditors | |
| 17 | Whether company has related party transactions for sale or purchase of goods or services |
2. General Details of the Cost Auditor
| 1 | Whether cost auditor is lead auditor | |
| 2 | Category of cost auditor | |
| 3 | Firm's registration number | |
| 4 | Name of cost auditor/cost auditor's firm | |
| 5 | PAN of cost auditor/cost auditor's firm | |
| 6 | Address of cost auditor or cost auditor's firm | |
| 7 | Email id of cost auditor or cost auditor's firm | |
| 8 | Membership number of member signing report | |
| 9 | Name of member signing report | |
| 10 | Name(s) of product(s) or service(s) with CETA Headings | |
| 11 | SRN number of Form CRA-2 (substituted vide the Companies (cost records and audit) Amendment Rules, 2019 dated 15.10.2019 w.e.f., 01.04.2018) | |
| 12 | (a) Number of audit committee meeting(s) during the year for which Cost Auditor was invited. (b) Number of audit committee meeting(s) attended by Cost Auditor during the year.(substituted vide the Companies (cost records and audit) Amendment Rules, 2019 dated 15.10.2019 w.e.f., 01.04.2018) | |
| 13 | Date of signing cost audit report and annexure by cost auditor | |
| 14 | Place of signing cost audit report and annexure by cost auditor |
3. Cost Accounting Policy
(1) Briefly describe the cost accounting policy adopted by the company and its adequacy or otherwise to determine correctly the cost of production/operation, cost of sales, sales realisations and margin of the product(s)/service(s) under reference separately for each product(s)/service(s). The policy should cover, inter alia, the following areas:
a) Identification of cost centers/cost objects and cost drivers.
b) Accounting for material cost including packing materials, stores and spares, employee cost, utilities and other relevant cost components.
c) Accounting, allocation and absorption of overheads
d) Accounting for Depreciation/Amortisation
e) Accounting for by-products/joint-products or services, scarps, wastage etc.
f) Basis for Inventory Valuation
g) Methodology for valuation of Inter-Unit/Inter Company and Related party transactions.
h) Treatment of abnormal and non-recurring costs including classification of other non-cost items.
i) Other relevant cost accounting policy adopted by the Company
(2) Briefly specify the changes, if any, made in the cost accounting policy for the product(s)/service(s)under audit during the current financial year as compared to the previous financial year.
(3) observations of the cost Auditor regarding adequacy or otherwise of the Budgetary control System, if any, followed by the company.
4. PRODUCT/SERVICE DETAIL (for the company as a whole)
| Name of Product(s) /Service(s) | UOM | CETA Heading (Wherever applicable) | Whether covered under Cost Audit Yes/ No | Net Operational Revenue (net of taxes, duties etc.) | |
| Current Year Rs. | Previous Year Rs. | ||||
| 1. | |||||
| 2. | |||||
| 3. | |||||
| 4. | |||||
| Total Net Operational Revenue of Manufactured Product or Service (Substituted vide the Companies (cost records and audit) Amendment Rules, 2019 dated 15.10.2019 w.e.f., 01.04.2018) | |||||
| Other Operating Incomes of company (Inserted vide the Companies (cost records and audit) Amendment Rules, 2019 dated 15.10.2019 w.e.f., 01.04.2018) | |||||
| Total Operating Incomes of Company (Inserted vide the Companies (cost records and audit) Amendment Rules, 2019 dated 15.10.2019 w.e.f., 01.04.2018) | |||||
| Other Incomes of Company | |||||
| Total revenue as per Financial Accounts | |||||
| (i) Exceptional and Extra Ordinary income (ii) Other Comprehensive Income , if any. (Substituted vide the Companies (cost records and audit) Amendment Rules, 2019 dated 15.10.2019 w.e.f., 01.04.2018) | |||||
| Total Revenue including Exceptional, Extra Ordinary and Other Comprehensive Income, if any | |||||
| Turnover as per Excise/Service Tax Records | |||||
| Note: 1) Explain the difference, if any, between Tumover as per Financial Statements and Turnover as per Excise/service Tax Records |
|||||
PART.B
FOR MANUFACTURING SECTOR
| 1. QUANTITATIVE INFORMATION (for each product with CETA Heading separately) | |||
| Name of Product | |||
| CETA Heading | |||
| Particulars | Unit | Current Year | Previous Year |
| 1. Available Capacity | |||
| (a) Installed Capacity | |||
| (b) Capacity enhanced during the year, if any | |||
| (c) Capacity available through leasing arrangements, if any | |||
| (d) Capacity available through loan license / third parties | |||
| (e) Total available Capacity | |||
| 2. Actual Production | |||
| (a) Self manufactured | |||
| (b) Produced under leasing arrangements | |||
| (c) Produced on loan license / by third parties on job work | |||
| (d) Total Production | |||
| 3. Production as per Excise/GST (Substituted vide the Companies (cost records and audit) Amendment Rules, 2019 dated 15.10.2019 w.e.f., 01.04.2018) | |||
| 4. Capacity Utilisation (in-house) | |||
| 5. Finished Goods Purchased | |||
| (a) Domestic Purchase of Finished Goods | |||
| (b) Imports of Finished Goods | |||
| (c) Total Finished Goods Purchased | |||
| 6. Stock and Other Adjustments | |||
| (a) Change in Stock of Finished Goods | |||
| (b) Self / Captive Consumption (incl. samples etc.) | |||
| (c) Other Quantitative Adjustments, if any (wastage etc.) | |||
| (d) Total Adjustments | |||
| 7. Total Available Quantity for Sale [2(d) + 5(c] + 6(d) | |||
| 8. Actual Sales | |||
| (a) Domestic Sales of Product | |||
| (b) Domestic Sales of Traded Product | |||
| (c) Export Sale of Product | |||
| (d) Export Sale of Traded Product | |||
| (e) Total Quantity Sold | |||
| 2. ABRIDGED COST STATEMENT (for each product with CETA Heading separately) | |||||||
| Name of Product | |||||||
| CETA Heading | |||||||
| Unit of Measure | |||||||
| Production | Finished Goods Purchased | Finished Stock Adjustment | Captive Consumption | Other Adjustments | Quantity Sold | ||
| Current Year | |||||||
| Previous Year | |||||||
| Sno. | Particulars | Current Year | Previous Year | ||||
| 1 | Materials Consumed (specify details as per Para 2A) | Amount (Rs.) | Rate per Unit (Rs.) | Amount (Rs.) | Rate per Unit (Rs.) | ||
| 2 | Process Materials/Chemicals | ||||||
| 3 | Utilities (specify details as per 2B) | ||||||
| 4 | Direct Employees Cost | ||||||
| 5 | Direct Expenses | ||||||
| 6 | Consumable Stores and Spares | ||||||
| 7 | Repairs and Maintenance | ||||||
| 8 | Quality Control Expenses | ||||||
| 9 | Research and Development Expenses | ||||||
| 10 | Technical know-how Fee / Royalty | ||||||
| 11 | Depreciation/Amortisation | ||||||
| 12 | Other Production Overheads | ||||||
| 13 | Industry Specific Operating Expenses (specify details as per Para 2 C) | ||||||
| 14 | Total (1 to 13) | ||||||
| 15 | Increase/Decrease in Work-in-Progress | ||||||
| 16 | Less: Credits for Recoveries, if any | ||||||
| 17 | Primary Packing Cost | ||||||
| 18 | Cost of Production/Operations (14 + '15 to 17) | ||||||
| 19 | Cost of Finished Goods Purchased | ||||||
| 20 | Total Cost of Production and Purchases ( 18 + 19) | ||||||
| 21 | Increase/Decrease in Stock of Finished Goods | ||||||
| 22 | Less: Self/Captive Consumption (incl. Samples, etc.) | ||||||
| 23 | Other Adjustments (if any) | ||||||
| 24 | Cost of Production/Operation of Product Sold (20 + 21 to 23) | ||||||
| 25 | Administrative Overheads | ||||||
| 26 | Secondary Packing Cost | ||||||
| 27 | Selling and Distribution Overheads | ||||||
| 28 | Cost of Sales before Finance Charges (Substituted vide the Companies (cost records and audit) Amendment Rules, 2019 dated 15.10.2019 w.e.f., 01.04.2018) | ||||||
| 29 | Finance Cost | ||||||
| 30 | Cost of Sales (28 + 29) | ||||||
| 31 | Net Sales Realisation (Net of Taxes and Outies) | ||||||
| 32 | Margin [Profit(Loss) as per Cost Accounts] (31 - 30) | ||||||
| NOTES: | |||||||
| 1. | Separate cost statement shall be prepared for each CETA Heading representing the product | ||||||
| 2. | In case the same product has different unit of measure, separate cost statement shall be provided for different unit of measures. | ||||||
| 3. | The items of cost shown in the Proforma are indicative and the same shall be reflected keeping in mind the materiality of the item of cost in the product. The Proforma may be suitably modified to meet the requirement of the industry/product. | ||||||
| 4. | In case the company follows a pre-determined or standard costing system, the above cost statement shall reflect figures at actuals after adjustment of variances, if any. | ||||||
| 2A. Details of Materials Consumed | ||||||||
| Name of Product | ||||||||
| CETA Heading | ||||||||
| Description of Material | Category | UOM | Current Year | Previous Year | ||||
| 1. | Quantity | Rate per Unit (Rs.) | Amount (Rs.) | Quantity | Rate per Unit (Rs.) | Amount (Rs.) | ||
| 2. | ||||||||
| 3. | ||||||||
| 4. | ||||||||
| 5. | ||||||||
| 6. | ||||||||
| 7. | ||||||||
| 8. | ||||||||
| 9. | ||||||||
| 10. | ||||||||
| Category: Indigenous/ lmported/ Self Manufactured | ||||||||
| 2B. Details of Utilities Consumed | |||||||
| Name of Product | |||||||
| CETA Heading | |||||||
| Description of Utilities Consumed (Substituted vide the Companies (cost records and audit) Amendment Rules, 2019 dated 15.10.2019 w.e.f., 01.04.2018) | UOM | Current Year | Previous Year | ||||
| Quantity | Rate per Unit (Rs.) | Amount | Quantity | Rate per Unit (Rs.) | Amount | ||
| 1. | |||||||
| 2. | |||||||
| 3. | |||||||
| 4. | |||||||
| 5. | |||||||
| 6. | |||||||
| 7. | |||||||
| 8. | |||||||
| 9. | |||||||
| 10. | |||||||
| 2C. Details of Industry Specific Operating Expenses | ||
| Name of Product | ||
| CETA Heading | ||
| Description of Industry Specific Operating Expenses | Current Year | Previous Year |
| Amount | Amount | |
| 1. | ||
| 2. | ||
| 3. | ||
| 4. | ||
| 5. | ||
| 6. | ||
| 7. | ||
| 8. | ||
| 9. | ||
| 10. | ||
PART-C
FOR SERVICE SECTOR
| 1. QUANTITATIVE INFORMATION (for each service separately) | |||
| Name of Service | |||
| Service Code (if applicable) | |||
| Particulars | Unit of Measurement | Current Year | Previous Year |
| 1. Available Capacity | |||
| (a) Installed Capacity | |||
| (b) Capacity enhanced during the year, if any | |||
| (c) Total available Capacity | |||
| 2. Actual Services Provided | |||
| (a) Own Services | |||
| (b) Services under contractual arrangements | |||
| (c) Outsourced Services | |||
| (d) Total Services | |||
| 3. Total Services provided as per Service Tax/GST(Substituted vide the Companies (cost records and audit) Amendment Rules, 2019 dated 15.10.2019 w.e.f., 01.04.2018) | |||
| 4. Capacity Utilisation (in-house) | |||
| 5. Other Adjustments (a) Self or Captive Consumption (b) Other Quantitative Adjustments, if any (c) Total Other Adjustments (Inserted vide the Companies (cost records and audit) Amendment Rules, 2019 dated 15.10.2019 w.e.f., 01.04.2018) | |||
| 6.Total Available Services for Sale (2(d)+5(c)] (Inserted vide the Companies (cost records and audit) Amendment Rules, 2019 dated 15.10.2019 w.e.f., 01.04.2018) | |||
| 7. (Renumbered vide the Companies (cost records and audit) Amendment Rules, 2019 dated 15.10.2019 w.e.f., 01.04.2018.) | |||
| (a) Services rendered - Domestic | |||
| (b) Services rendered - Export | |||
| (c) Total Services Rendered | |||
| 2. ABRIDGED COST STATEMENT (for each service separately) | |||||
| Name of Service | |||||
| Service Code (if applicable) | |||||
| Unit of Measure | |||||
| Service Provided | Captive Consumption | Other Adjustments | Services Rendered | ||
| Current Year | |||||
| Previous Year | |||||
| Sno. | Particulars | Current Year | Previous Year | ||
| Amount (Rs.) | Rate per Unit (Rs.) | Amount (Rs.) | Rate per Unit (Rs.) | ||
| 1 | Materials Consumed (specify details as per Para 2A) | ||||
| 2 | Utilities (specify details as per Para 2B) | ||||
| 3 | Direct Employees Cost | ||||
| 4 | Direct Expenses | ||||
| 5 | Consumable Stores and Spares | ||||
| 6 | Repairs and Maintenance | ||||
| 7 | Quality Control Expenses | ||||
| 8 | Research and Development Expenses | ||||
| 9 | Technical know-how Fee / Royalty | ||||
| 10 | Depreciation/Amortisation | ||||
| 11 | Other Overheads | ||||
| 12 | Industry Specific Operating Expenses (specify details as per Para 2C) | ||||
| 13 | Total (1 to 12) | ||||
| 14 | Less: Credits for Recoveries, if any | ||||
| 15 | Cost of Services provided (13 - 14) | ||||
| 16 | Cost of Outsourced/Contractual Services | ||||
| 17 | Total Services available | ||||
| 18 | Less: Self/Captive Consumption | ||||
| 19 | Other Adjustments (if any) | ||||
| 20 | Cost of Services Sold (17 - 18 + 19) | ||||
| 21 | Administrative Overheads | ||||
| 22 | Selling and Distribution Overheads | ||||
| 23 | Cost of Sales before Finance Charges (Substituted vide the Companies (cost records and audit) Amendment Rules, 2019 dated 15.10.2019 w.e.f., 01.04.2018) | ||||
| 24 | Finance Cost | ||||
| 25 | Cost of Sales (23 + 24) | ||||
| 26 | Net Sales Realisation (Net of Taxes and Duties | ||||
| 27 | Margin [Profit(Loss) as per Cost Accounts] (26 - 25) | ||||
| NOTES: | |||||
| 1 | Separate cost statement shall be prepared for each service. | ||||
| 2 | The items of cost shown in the proforma are indicative and the same should be reflected keeping in mind the materiality of the item of cost in the service | ||||
| 3 | The proforma may be suitably modified to meet the requirement of the industry/service | ||||
| 4 | In case the company follows a pre-determined or standard costing system, the above cost stalement should reflect figures at actuals after adjustment of variances, if any. | ||||
| 2A. Details of Materials Consumed | ||||||||
| Name of Service | ||||||||
| Service Code (if applicable) | ||||||||
| Description of Material | Category | UOM | Current Year | Previous Year | ||||
| Quantity | Rate per Unit (Rs.) | Amount | Quantity | Rate per Unit (Rs.) | Amount | |||
| 1. | ||||||||
| 2. | ||||||||
| 3. | ||||||||
| 4. | ||||||||
| 5. | ||||||||
| 6. | ||||||||
| 7. | ||||||||
| 8. | ||||||||
| 9. | ||||||||
| 10. | ||||||||
| Category: Indigenous/ Imported/ Self Manufactured | ||||||||
| 2B. Details of Utilities Consumed | |||||||
| Name of Service | |||||||
| Service code (if applicable) | |||||||
| Description of Utilities Consumed (Substituted vide the Companies (cost records and audit) Amendment Rules, 2019 dated 15.10.2019 w.e.f., 01.04.2018) | UOM | Current Year | Previous Year | ||||
| Quantity | Rate per Unit (Rs.) | Amount | Quantity | Rate per Unit (Rs.) | Amount | ||
| 1. | |||||||
| 2. | |||||||
| 3. | |||||||
| 4. | |||||||
| 5. | |||||||
| 6. | |||||||
| 7. | |||||||
| 8. | |||||||
| 9. | |||||||
| 10. | |||||||
| 2C. Details of Industry Specific Operating Expenses | ||
| Name of Service | ||
| Service Code (if applicable) | ||
| Description of Industry Specific Operating Expenses | Current Year | Previous Year |
| Amount | Amount | |
| 1. | ||
| 2. | ||
| 3. | ||
| 4. | ||
| 5. | ||
| 6. | ||
| 7. | ||
| 8. | ||
| 9. | ||
| 10. | ||
PART D
1.PRODUCT AND SERVICE PROFITABILITY STATEMENT (for audited products/services)
| Sno. | Particulars | Current Year | Previous Year | ||||
| Sales Rs. | Cost of Sales Rs. | Margin Rs. | Sales Rs. | Cost of Sales Rs. | Margin Rs. |
||
| Product 1 | |||||||
| Product 2 | |||||||
| Product 3 | |||||||
| .....etc. | |||||||
| Service 1 | |||||||
| Service 2 | |||||||
| Service 3 | |||||||
| .... etc. | |||||||
| Total | |||||||
| 2. PROFIT RECONCILIATION (for the company as a whole) | |||
| Sno. | Particulars | Current Year Rs. | Previous Year Rs. |
| 1. | Profit or Loss as per Cost Accounts (Substituted vide the Companies (cost records and audit) Amendment Rules, 2019 dated 15.10.2019 w.e.f., 01.04.2018 ) | ||
| (a) For the audited product(s)/service(s) | |||
| (b) For the un-audited product(s)/service(s) | |||
| 2. | Add: Incomes not considered in cost accounts (specify details) | ||
| a) | |||
| b) | |||
| c) | |||
| d) | |||
| e) | |||
| f) | |||
| g) | |||
| h) | |||
| i) | |||
| j) | |||
| 3. | Less: Expenses not considered in cost accounts (specify details) | ||
| a) | |||
| b) | |||
| c) | |||
| d) | |||
| e) | |||
| f) | |||
| g) | |||
| h) | |||
| i) | |||
| j) | |||
| 4. | Difference in Valuation of stock between financial accounts and cost accounts | ||
| 5. | Other adjustments, if any | ||
| 6. | Protit or Loss as per Financial Accounts (excluding Other Comprehensive Income for companies following Ind AS) | ||
| Note: Show abnormal wastages, expenses on strikes/lock-outs and any other items of expenses or incomes of abnormal nature etc. not considered in cost separately | |||
3. VALUE ADDITION AND DISTRIBUTION OF EARNINGS (for the company as a whole)
| Sno. | Particulars | Current Year Rs. | Previous Year Rs. |
| Value Addition: | |||
| 1 | Revenue from Operations ( Substituted vide the Companies (cost records and audit) Amendment Rules, 2019 dated 15.10.2019 w.e.f., 01.04.2018) | ||
| 2 | Less: Taxes and other duties ( Substituted vide the Companies (cost records and audit) Amendment Rules, 2019 dated 15.10.2019 w.e.f., 01.04.2018) | ||
| 3 | Net Revenue from Operations ( Substituted vide the Companies (cost records and audit) Amendment Rules, 2019 dated 15.10.2019 w.e.f., 01.04.2018) | ||
| 4 | Add: Export Incentives | ||
| 5 | Add/Less: Adjustment in Stocks ( Substituted vide the Companies (cost records and audit) Amendment Rules, 2019 dated 15.10.2019 w.e.f., 01.04.2018) | ||
| 6 | Less: Cost of bought out inputs | ||
| (a) Cost of Materials Consumed | |||
| (b)Process Materials / Chemicals | |||
| (c) Consumption of Stores and Spares | |||
| (d) Utilities (e.g. power and fuel) | |||
| (e)Others, if any | |||
| Total Cost of bought out inputs | |||
| 7 | Value Added | ||
| 8 | Add: Income from any other sources | ||
| 9 | Add: (i) Exceptional and Extra Ordinary Income (ii) Other Comprehensive Income, if any ( Substituted vide the Companies (cost records and audit) Amendment Rules, 2019 dated 15.10.2019 w.e.f., 01.04.2018) | ||
| 10 | Earnings available for distribution | ||
| Distribution of Earnings to: | |||
| 1 | Employees as salaries and wages, retirement benefits.etc. | ||
| 2 | Shareholders as dividend | ||
| 3 | Company as retained funds | ||
| 4 | Government as taxes (specify) | ||
| 5 | Exceptional and Extra Ordinary Expenses, if any | ||
| 6 | Others, if any (specify) | ||
| 7 | Total distribution of earnings |
4. FINANCIAL POSITION AND RATIO ANALYSIS (for the company as a whole)
| Sno. | Particulars | Units | Current Year | Previous Year |
| A. 1 2 3 4 5 6 7 | Financial Position Share Capital (see Note '1) Reserves and Surplus (see Note 1) Long Term Borrowings (see Note 'l) (a) Gross Fixed Assets (b) Net Fixed Assets (see Note 1) (a) Current Assets b) Less: Cunent Liabilities Capital Employed (see Note 2) Net Worth (see Note 3) | |||
| B. 1 2 3 | Financial Performance Value Added Net Revenue from Operations of Company Profit before Tax (PBT) | |||
| C. 1 2 3 4 | Profitability Ratios PBT to Capital Employed (B3/A6) PBT to Net Worth (B3/A7) PBT to Value Added (B3/B1) PBT to Net revenue from Operations (B3/B2) | % % % % | ||
| D. 1 2 3 | Other Financial Ratios Debt-Equity Ratio Current Assets to Current Liabilities Valued Added to Net Revenue from Operations | % | ||
| E. 1 2 | Working Capital Ratios Raw Materials Stock to Consumption Stores and Spares to Consumption | Months Months Months | ||
| Notes: 1) In this table, in case of companies to which Indian Accounting Standards apply: a) Share Capital shall mean 'Equity Share Capital' b) Reserves and Surplus shall mean 'Other Equity.' c) Long Term Borrowings shall mean'Borrowing under Non-Current Liabilities' d) Net Fixed Assets shall mean the sum total of 'Property, Plant and Equipment', 'Capital Work in Progress', 'Goodwill', 'Other intangible assets', 'Intangible assets under development' and'Biological assets other than bearer Plants. 2) Capital Employed means average of Net fixed assets (excluding effect of revaluation) plus Non-current investments and net current assets existing at the beginning and close of the financial year. 3) Net Worth is as defined under clause (57) of section 2 of the Companies Act, 2013 |
||||
5. RELATED PARTY TRANSACTIONS (for the company as a whole)
| Sno. | Name and CIN of the Related Party (Substituted vide the Companies (cost records and audit) Amendment Rules, 2019 dated 15.10.2019 w.e.f., 01.04.2018) | Name of the Product/Service | Nature of Transaction (Sale,Purchase etc.) | Quantity | Transfer Price | Amount | Normal Price | Basis adopted to determine the Normal Price |
| 1 | ||||||||
| 2 | ||||||||
| 3 | ||||||||
| 4 | ||||||||
| 5 | ||||||||
| 6 | ||||||||
| 7 | ||||||||
| 8 | ||||||||
| 9 | ||||||||
| 10 |
NOTES:
1) Details should be furnished for each Related Party and Product /Service separately.
2) Details of Related Party transactions without indicating the Normal Price and the basis thereof shall be considered as incomplete information.
6. Reconciliation of Indirect Taxes (for the Company as a whole) (Substituted vide the Companies (cost records and audit) Amendment Rules, 2019 dated 15.10.2019 w.e.f., 01.04.2018)
| Particulars | Taxable Value/ Assessable Value | Excise Duty/ VAT, CST, Cess etc./ Other State Taxes, if any | Goods & Services Tax | ||||
| CGST | SGST / UTGST | IGST | Cess and Others |
||||
| Rs. | Rs. | Rs. | Rs. | Rs. | Rs. | ||
| Sl. No. | Duties/ Taxes Payable | ||||||
| Excise Duty | |||||||
| 1 | Domestic | ||||||
| 2 | Export | ||||||
| 3 | Stock Transfers (Net) | ||||||
| 4 | Others, if any | ||||||
| 5 | Total Excise Duty (1 to 4) | ||||||
| 6 | VAT, CST, Cess etc. | ||||||
| 7 | Other State Taxes, if any | ||||||
| Goods & Services Tax | |||||||
| 8 | Outward Taxable Supplies (other than zero rated, Nil Rated and Exempted) | ||||||
| 9 | Outward Taxable Supplies (zero rated) | ||||||
| 10 | Inward Supplies (liable to Reverse Charge) | ||||||
| 11 | Other Outward Supplies (Nil Rated, Exempted) | ||||||
| 12 | Non-GST Outward Supplies | ||||||
| 13 | Total (8 to 12) | ||||||
| 14 | Total Duties / Taxes Payable (5 + 6 + 7 + 13) | ||||||
| Duties/ Taxes paid [by Utilisation of Input Tax Credit and Payment through Cash Ledger, as the case may be] | |||||||
| Input Tax Credit Utilised | |||||||
| 15 | CGST/ CENVAT | ||||||
| 16 | SGST / UTGST/ VAT | ||||||
| 17 | IGST | ||||||
| 18 | Cess | ||||||
| 19 | Transitional Credit | ||||||
| 20 | Others, if any, specify | ||||||
| 21 | Total Input Tax Credit Utilised (15 to 20) | ||||||
| 22 | Payment through Cash Ledger | ||||||
| 23 | Total Duties/Taxes Paid (21 + 22) | ||||||
| Difference between Taxes Paid and Payable (14 - 23) | |||||||
| 24 | Interest/Penalty/Fines Paid | ||||||
Particulars Assessable Value
Rs.Excise Duty
Rs.Service Tax
Rs.Cess and Others
Rs.VAT
Rs.
Duties/Taxes Payable
Excise Duty
1 Domestic
2 Export
3 Stock Transfers (Net)
4 Duty Free Clearance, Others etc
5 Total Excise Duty (1 to 4)
6 Service Tax
7 VAT, CST etc
8 Other State Taxes, if any
9 Total Duties / Taxes Payable (5 to 8)
Duties/Taxes Paid
10 Cenvat/VAT Credit Utilised - Inputs
11 Cenvat/VAT Credit Utilised - Capital Goods
12 Cenvat/VAT Credit Utilised - Input Services
13 Cenvat/VAT Credit Utilised - Others
14 Total (10 to 13)
15 Paid through PLA/Cash
16 Total Duties/Taxes Paid (14 + 15)
17 Duties/Taxes Recovered
18 Difference between Duties/Taxes Paid and Recovered
19 Interest/Penalty/Fines Paid
Note: Provide separate amounts in notes in respect of Item 4 above.
SIGNATURE NAME SIGNATURE NAME SIGNATURE NAME
COST AUDITOR COMPANY SECRETARY/DIRECTOR DIRECTOR