https://www.taxtmi.com/forum/issue?id=120960 Applicability of cost audit to a private limited company engaged in textile-related manufacture depends on the turnover thresholds under section 148 of the Companies Act, 2013 read with the Companies (Cost Records and Audit) Rules, 2014. In the non-regulated sector, cost audit becomes relevant where the preceding financial year's overall turnover is Rs. 100 crore or more and the turnover from the products or services covered by Rule 3 is Rs. 35 crore or more. The company must also verify whether any exemption applies, including export revenue above 75%, Micro or Small Enterprise status, or SEZ operations. en-us Sat, 13 Jun 2026 11:51:35 +0530 Sat, 13 Jun 2026 14:24:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=120960 Applicability of cost audit to a private limited company engaged in textile-related manufacture depends on the turnover thresholds under section 148 of the Companies Act, 2013 read with the Companies (Cost Records and Audit) Rules, 2014. In the non-regulated sector, cost audit becomes relevant where the preceding financial year's overall turnover is Rs. 100 crore or more and the turnover from the products or services covered by Rule 3 is Rs. 35 crore or more. The company must also verify whether any exemption applies, including export revenue above 75%, Micro or Small Enterprise status, or SEZ operations. Discussion-Forum Companies Law Sat, 13 Jun 2026 11:51:35 +0530 https://www.taxtmi.com/forum/issue?id=120960