https://www.taxtmi.com/news?id=20389 The amendment revises cost-reporting formats and overhead classification to integrate Goods and Services Tax, exempts companies that already filed CRA 4 for 2017-18 from refiling, substitutes detailed functional overhead classifications (works, administration, selling and distribution), treats operating lease rentals as administrative overheads and finance-lease finance as finance cost, mandates amortisation for long term selling/distribution benefits, deletes paragraph on administrative overheads, expands cost statements for quantitative reconciliation with excise/GST records and indirect tax reconciliation, and inserts a company-level GST reconciliation Table 6(B) effective 01.07.2017. en-us Tue, 07 Aug 2018 10:31:21 +0530 Tue, 07 Aug 2018 10:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=20389 The amendment revises cost-reporting formats and overhead classification to integrate Goods and Services Tax, exempts companies that already filed CRA 4 for 2017-18 from refiling, substitutes detailed functional overhead classifications (works, administration, selling and distribution), treats operating lease rentals as administrative overheads and finance-lease finance as finance cost, mandates amortisation for long term selling/distribution benefits, deletes paragraph on administrative overheads, expands cost statements for quantitative reconciliation with excise/GST records and indirect tax reconciliation, and inserts a company-level GST reconciliation Table 6(B) effective 01.07.2017. News - Tue, 07 Aug 2018 10:31:21 +0530 https://www.taxtmi.com/news?id=20389