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of <h1>Cost Audit Reports Must Use XBRL Format for Compliance from 2011-12 Onwards; Submit After June 30, 2012.</h1> The Ministry of Corporate Affairs mandates that cost auditors and companies file Cost Audit Reports (Form-I) and Compliance Reports (Form-A) using the XBRL taxonomy from the year 2011-12 onwards, including overdue reports from previous years. These filings must adhere to the XBRL format based on the taxonomy developed for specified industry rules, including those for telecommunications, petroleum, electricity, sugar, fertilizer, and pharmaceuticals. Reports must be submitted to the Central Government after June 30, 2012, once the relevant taxonomy and formats are finalized. The Institute is tasked with disseminating this circular to relevant parties.
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