TaxTMI 
TaxTMI 
COST AUDIT REPORT
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....ng the (sic.) 2. COST ACCOUNTING POLICY: (1) Briefly describe the cost accounting policy adopted by the Company keeping in view the requirements of the Companies (Cost Accounting Records) Rules, 2011, the Companies (Cost Audit Report) Rules, 2011, cost accounting standards and its adequacy or otherwise to determine correctly the cost of production/operation, cost of sales, sales realization and margin of the product/activity groups under reference separately for each product/activity group. The policy should cover, inter alia, the following areas: (a) Identification of cost centres/cost objects and cost drivers (b) Accounting for material cost including packing materials, stores and spares etc., employee cost, utilities and other relevant cost components (c) Accounting, allocation and absorption of overheads (d) Accounting for Depreciation/Amortization (e) Accounting for by-products/joint-products, scarps, wastage etc. (f) Basis for Inventory Val....
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....licable. (2) For service groups, use the nomenclature as used in the Finance Act/Central Service Tax Rules, as applicable. 4. QUANTITATIVE INFORMATION (for each product group separately) Name of the Company Name of the Product Group Name of the Products covered in the Product Group Financial Year From ______ To _________ Particulars Unit Current Year Previous Year 1. Available Capacity (a) Installed Capacity (b) Capacity enhanced during the year, if any (c) Capacity available through leasing arrangements, if (d) Capacity available through loan license/third parties (e) Total available Capacity 2. Actual Production (a) Self-manufactured (b) Produced under leasing arrangements (c) Produced on loan license/by third parties on job work ....
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....; 8 Quality Control Expenses 9 Research & Development Expenses 10 Technical know-how Fee/Royalty, if any 11 Depreciation/Amortization 12 Other Production Overheads 13 Total (1 to 12) 14 Add/Less: Work-in-Progress Adjustments 15 Less: Credits for Recoveries, if any 16 Primary Packing Cost 17 Cost of Production/Operations (12 + 13 to 17) 18 Increase/Decrease in Stock of Finished Goods 19 Less: Self/Captive Consumption (incl. S....
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....9 Other Expenses % 10 Stock Adjustments % 11 Production Overheads % 12 Administrative Overheads % 13 Selling & Distribution Overheads % 14 Interest & Financing Charges % 15 Total % 7. PROFIT RECONCILIATION (for the company as a whole) Sl. No. Particulars Current Year 1st Previous Year 2nd Previous Year 1 Profit or Loss as per Cost Accounting Records (a) For the audited product groups (b) For the un-audited product groups 2 Add: Incomes not considered in cost accounts: (a) (specify) (b) (c) (d) (e) 3 Less : Expenses not consider....
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....sp; 4 Government as taxes (specify) 5 Others, if any (specify) Total distribution of earnings 9. FINANCIAL POSITION AND RATIO ANALYSIS (for the company as a whole) Sl. No. Particulars Units Current Year Previous Year-1 Previous Year-2 A. Financial Position 1 Paid-up Capital Rs/Lakh 2 Reserves & Surplus Rs/Lakh 3 Loans (secured & unsecured) Rs/Lakh 4 (a) Gross Fixed Assets Rs/Lakh (b) Net Fixed Assets Rs/Lakh 5 (a) Total Current Assets Rs/Lakh (b) Less: Current Liabilities & Provisions Rs/Lakh (c) Net Current Assets Rs/Lakh 6 Capital Employed Rs/Lakh 7 Net Worth Rs/Lakh B. Financial Performance ....
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....sp; 4 5 6 7 8 9 10 11 12 13 14 15 16 17  ....