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<h1>Amendment to Companies Cost Records & Audit Rules Exempts Certain Refiling; Aligns Cost Statements with GST Implementation.</h1> The Companies (Cost Records and Audit) Amendment Rules, 2019, issued by the Ministry of Corporate Affairs, amend the 2014 rules under the Companies Act, 2013. Effective from April 1, 2018, these amendments exempt companies that filed their Cost Audit Report for the financial year 2018-19 from refiling. Key changes include reclassification of overheads, adjustments in cost statements, and updates to forms CRA-1 and CRA-3 to align with GST implementation. The amendments clarify cost reporting for leased assets, transportation costs, and indirect taxes, ensuring compliance with the new GST framework. These changes are not expected to adversely affect any parties.