https://www.taxtmi.com/news?id=18640 The Companies (Cost Records and Audit) Amendment Rules, 2017 amend the 2014 Rules to define Indian Accounting Standards, substitute Forms CRA-1 and CRA-3 and replace the Annexure. The substituted provisions prescribe detailed requirements for recording, valuing and assigning material, employee, utility, overhead, depreciation, transportation, royalty, R&D, pollution control and other costs, set principles for amortisation and exclusion of abnormal costs, and require comprehensive cost audit reporting, reconciliation with financial accounts and disclosures on related party transactions and capacity determination. en-us Sat, 12 Aug 2017 13:46:34 +0530 Wed, 11 Feb 2026 15:57:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=18640 The Companies (Cost Records and Audit) Amendment Rules, 2017 amend the 2014 Rules to define Indian Accounting Standards, substitute Forms CRA-1 and CRA-3 and replace the Annexure. The substituted provisions prescribe detailed requirements for recording, valuing and assigning material, employee, utility, overhead, depreciation, transportation, royalty, R&D, pollution control and other costs, set principles for amortisation and exclusion of abnormal costs, and require comprehensive cost audit reporting, reconciliation with financial accounts and disclosures on related party transactions and capacity determination. News - Sat, 12 Aug 2017 13:46:34 +0530 https://www.taxtmi.com/news?id=18640