https://www.taxtmi.com/notifications?id=131187 The amendment updates cost audit rules to require functional classification of overheads (works, administration, selling and distribution), specific lease rental treatment distinguishing operating and finance leases, amortisation of long benefit selling and distribution overheads, and exclusion of demurrage/detention charges from selling and distribution overheads. It mandates separate transportation cost records for exempted and exported taxable goods and requires cost statements to include quantitative production/sales details and reconciliation of indirect taxes showing taxes paid and input tax credit utilised. en-us Tue, 15 Oct 2019 00:00:00 +0530 Fri, 18 Oct 2019 15:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=131187 The amendment updates cost audit rules to require functional classification of overheads (works, administration, selling and distribution), specific lease rental treatment distinguishing operating and finance leases, amortisation of long benefit selling and distribution overheads, and exclusion of demurrage/detention charges from selling and distribution overheads. It mandates separate transportation cost records for exempted and exported taxable goods and requires cost statements to include quantitative production/sales details and reconciliation of indirect taxes showing taxes paid and input tax credit utilised. Notifications Companies Law Tue, 15 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/notifications?id=131187