TaxTMI 
TaxTMI 
The Companies (Cost Records and Audit) Amendment Rules, 2015 - Substitution of Forms CRA - 2 and CRA - 4
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....re, for Forms CRA- 2 and CRA-4, the following forms shall respectively be substituted, namely:- [F. No. 1/40/2013-CL-V] AMARDEEP SINGH BHATIA, Joint Secretary to the Government of India ============= Document 1 Form of intimation of appointment of cost auditor by the company to Central Government FORM CRA-2 [Pursuant to rule 6(2)] Note - All fields marked in are to be mandatorily filled. 1.(a) *Corporate identity number (CIN) or foreign company registration number (FCRN) of the company (b) Global location number (GLN) of company 2.(a) Name of the company 3. (b) Address of the registered office or of the principal place of business in India of the company (c) e-mail ID of the company (d) *Phone *Good/s or service/s to which cost audit relates 4. Details of the cost auditor appointed (a) Name of proprietorship, partnership firm or LLP appointed as cost auditor as per Board's resolution (b) (i) *Address Line (ii) *City (iii) *State (iv) Country (v) *Pin code Line II (c) *Details of the member representing the above firm (i) Name (iii) Membership number (d) e-mail ID of the firm or m....
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....s, as per section 148 of the Companies Act, 2013, have/have not been maintained by the company in respect of good(s)/service(s) under reference. In my/our opinion, proper returns adequate for the purpose of the Cost Audit have/have not been received from the branches not visited by me/us. In my/our opinion and to the best of my/our information, the said books and records give/do not give the information required by the Companies Act, 2013, in the manner so required. In my/our opinion, company has/does not have adequate system of internal audit of cost records which to my/our opinion is commensurate to its nature and size of its business. In my/our opinion, information, statements in the annexure to this cost audit report gives/does not give a true and fair view of the cost of production of good(s)/rendering of service(s), cost of sales, margin and other information relating to good(s)/service(s) under reference. Observations and suggestions, if any, of the Cost Auditor, relevant to the cost audit. Dated: this day of at 20 - (mention name of place of signing this report) SIGNATURE AND SEAL OF THE COST AUDITOR (S) M....
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....llowing 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 25 4. and other relevant cost components. c) Accounting, allocation and absorption of overheads d) Accounting for Depreciation/Amortization e) Accounting for by-products/joint-products or services, scarps, wastage etc. f) Basis for Inventory Valuation g) Methodology for valuation of Inter-Unit/Inter Company and Related Party transactions. h) Treatment of abnormal and non-recurring costs including classification of other non-cost items. i) Other relevant cost accounting policy adopted by the Company (2) Briefly specify the changes, if any, made in the cost accounting policy for the good(s)/service(s) under audit during the current financial year as compared to the previous financial year. (3) Observations of the Cost Auditor regarding adequacy or otherwise of the Budgetary Control System, if any, followed by the company. 3. PROCESS OF MANUFACTURE OF GOOD(S)/DELIVERY OF SERVICE(S): A brief note regarding the process of manufactur....
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....installed capacity, wherever necessary these details should be expressed in appropriate units. 6. Details of the major input materials/service used for good(s) manufactured/service(s) rendered under reference. Particulars Unit Current Year Previous Year Quan Rate Amount Quan Rate Amount tity tity 1. Indigenous: (specify) (a) (b) (c) etc. 2. Self-manufactured: (specify) (a) (b) (c) etc. 3. Imported: (specify) (a) (b) (c) etc. 4. Total Note: Details should be furnished in respect of major input material(s)/service(s) each constituting at least 5% of the total raw material cost. 6(A). STANDARD/ ACTUAL CONSUMPTION OF INPUT MATERIAL(S)/SERVICE(S) PER UNIT 29 Particulars (Specify) Unit 1. 2. 3. etc. Standard Current Year Actuals Previous Year Current Year Previous Year Note: Details should be furnished in respect of major input material(s)/service(s) each constituting at least 5% of the total raw material/input service cost. 6(B) BREAK-UP OF COST OF INPUT MATERIAL(S)/SERVICE(S) IMPORTED DURING THE YEAR: (A) Goods Particulars 1. F.O.B. Price (in foreign cu....
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.... on administration 4. Employee costs on selling and distribution 5. Other employees costs, if any (specify) 6. Total employee costs 7. a. Payments under any VRS scheme 33 the year 9. REPAIRS AND MAINTENANCE- Particulars 1. Land and Building 2. Plant and Machinery 3. Staff Quarters and colony 4.Others (specify) 5.Total Amount 6.Amount capitalized/deferred during the year 7.Net Amount (5-6) 8.Defered amount of earlier years, if any, 9.Total amount (7+8) For Company as a whole For the Company as a whole Share of good(s) produced /service(s) rendered Basis of apportionment of the good(s)/service(s) (in case of more than one good(s)/service(s) additional columns may be added. under reference Current Year Previous Year Quan tity Rate Amoun Quan Rate Amoun t tity t Quant Rate ity Amou nt 34 10. NET FIXED ASSETS AND DEPRECIATION: (For the Company as a whole) 1. Net Fixed Assets Particulars 2. Amount of depreciation provided in the financial records 3.Method of providing depreciation 4. Amount of depreciation a....
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.....etc. 37 2. Lump sum payment of royalty, if any 3. Technical knowhow charges 4. Others, if any 5. Total amount 6. Amount capitalized/ deferred during the year 7. Net amount (5-6) 8. Deferred amount of earlier years, if any 9. Amount provided in the financial accounts (7+8) 10. Amount absorbed in the cost records 11. Shortfall/ Excess, if any 12. Amount paid to related parties Note: The details should be furnished in respect of each agreement separately. 15. ABNORMAL/NON-RECURRING COST Particulars (Specify) Current Year 1. 2. 3...etc Total Previous Year 16. NON-MOVING STOCK (good-wise/service-wise details of non-moving stock may be provided): (A) Goods/Service (Specify) Particulars 38 Current Year Previous Year 1. 2. 3...etc. (B) Goods/Service (Specify) 1. 2. 3...etc. (C) Goods/Service (Specify) 1. 2. 3...etc. 17. WRITTEN OFF STOCK/FORFEITED SERVICES (good-wise/service-wise details may be provided): (A) Goods/Service (Specify) 1. 2. 3...etc. (B) Goods/Service (Specify) 1. 2. 3...etc. (C) Goods/Service (Specify) 1. Particulars 39 ....
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....nt policy, sales realization and margin on such good(s)/service(s) at different prices shall be shown along with quantity and value. 21. Related Party Transaction: Sl. Name & NO Address of Good(s)/ Quantity service(s Transfer Price Nature of Transaction (sale, purchase etc.) Amount Normal Price Basis adopted to determine the Related Party the Normal Price 42 Note: 1. Details should be furnished for each sale/purchase separately. 22. Central Excise/Service Tax Reconciliation for the Good(s)/service(s) under reference: Good(s)/Service(s) S. Particulars No. A. Quantitative Details: 1 Opening Stock 2 Add: Production/services 3 Less: Closing Stock 4 Total Sales/Clearances S. Particulars No. B. Details of Clearances: 1 Total Clearances 2 Less: Duty Free Clearances 3 Excisable/Service taxable Clearances 4 Penalty/Fine/Interest payable, if any 5 Total Duty Payable (total 3 & 4) S. Particulars No. C. Summary of CENVAT Credit 1 Opening Balance 2 Add: Availed during the year 3 Add: Refunds recei....
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....orted (specify) 2. Self-Manufactured (specify) 4 Direct Wages and Salaries 5 Consumable Stores & Spares 6 Depreciation 7 Outsourced Servcie Cost 8 Intermediate Service Cost 9 Lease Rent, if any 10 Repairs and Maintenance: (a) Building (b) Plant & Machinery (c) Others, if any 11 Other works overheads Unit Unit (Rs.) (Rs.) Current Year Previous Year (Rs.) (Rs.) 46 12 Total Works Overheads 13 Overheads related to service cost 14 Overheads related to outsourced service cost 15 Royalty, if any 16 Technical assistance/know-how fee 17 Research and Development 18 Quality Control 19 Administrative overheads 20 20 21 (relating to production/service activities) (a) Salaries and Wages (b) Others (specify) (c) Total (a+b) Total Adjustment for variances (where standard costing system is followed) 22 Add: Opening Stock 23 Less: Closing Stock (Work-in-progress) Less: Credits (from wastage and by- products/services)/recoveries, if any 24 Packing cost Primary (a) Material (b) Others ....
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....4 Form for filing Cost Audit Report with the Central Government [Pursuant to Rule 6(6) of the Companies (cost records and audit) rules, 2014] PART I - GENERAL INFORMATION Note: All fields marked in * are to be 1* (a) Corporate identity number (CIN) company registration number of company (b) Global location number (GLN) of company 2 (a) *Name of the company mandatorily filled. Pre-Fill or foreign the (b) *Address of the registered office or of the principal place of business in India of the company Fro (DD/MM/YYY (c) *E-mail address of the company T (DD/MM/YYY 3 (a) *Financial year (DD/MM/YYY (b) *Date of Board of Directors meeting in which Annexure to the cost audit report was approved 4 (a) *State number of good(s)/service(s) for which the Cost Audit Report is being submitted (b) *Details of such good(s)/service(s) of the company (Number of rows depending on 4(a) above) Good(s)/service(s) Covered 5 (a) *State number of good(s)/service(s) not covered in the Cost Audit Report 50 (b) *Details of such good(s)/service(s) of the company (Number of rows depending on 5(a) above) Good(s....
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....obal location number (GLN) of company 2 (a) *Name of the company (b) *Address of the registered office or of the principal place of business in India of the company mandatorily filled. Pre-Fill or foreign the Fro (DD/MM/YYY (c) *E-mail address of the company T (DD/MM/YYY 3 (a) *Financial year (DD/MM/YYY (b) *Date of Board of Directors meeting in which Annexure to the cost audit report was approved 4 (a) *State number of good(s)/service(s) for which the Cost Audit Report is being submitted (b) *Details of such good(s)/service(s) of the company (Number of rows depending on 4(a) above) Good(s)/service(s) Covered 5 (a) *State number of good(s)/service(s) not covered in the Cost Audit Report 50 - (b) *Details of such good(s)/service(s) of the company (Number of rows depending on 5(a) above) Good(s)/service(s) 6 Details of the cost auditor (a) *Category of the cost auditor O LLP Individual Cost accountant's firm (b) *Name of the cost auditor or the cost auditor's firm appointed as cost auditor of the company (c) *Membership number of cost auditor or cost auditor's firm's registr....
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....ther to amend the Companies (cost records and audit) Rules, 2014, namely:- 1. 2. (1) These rules may be called the Companies (cost records and audit) (Amendment) Rules, 2015. (2) They shall come into force from the date of their publication in the official Gazette. In the Companies (cost records and audit) Rules, 2014, in the Annexure, for Forms CRA-2 and CRA- 4, the following forms shall respectively be substituted, namely:- "FORM - CRA-2 (Pursuant to sub-rule (2) of rule 6 and sub-rule (3A) of rule 6) Form of intimation of appointment of cost auditor by the company to Central Government Form language o English o Hindi Note: Refer the instruction kit for filing the form. All fields marked in * are to be mandatorily filled. IN CASE OF REVISED CRA-2, ALL THE DETAILS MUST BE FILLED AFRESH. 1. (a) *Corporate identity number (CIN) or foreign company registration number (FCRN) of the company (b) Global location number (GLN) of company 2. (a) Name of the company (b) Address of the registered office or of the principal place of business in India of the company (c) e-mail ID of the company Pre-fill ....
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....on the Firm Registration number(s) and name of the previous cost auditor(s) which has not been reappointed. (c) *Reasons for change (d) *Whether the previous cost auditor(s) has/have been informed about the change O Yes O No Attachments List of attachments (1) *Copy of Board resolution of the company (2) Optional attachment, if any. Attach Attach Remove Attachment Declaration I am authorized by the Board of Directors of the Company vide resolution number* dated* to sign this form and declare that all the requirements of Companies Act, 2013 and the rules made thereunder in respect of the subject matter of this form and matters incidental thereto have been complied with. I also declare that all the information given herein above is true, correct and complete including the attachments to this form and nothing material has been suppressed. *To be digitally signed by *Designation DSC BOX *Director identification number of the director; or PAN of the Manager or CEO or CFO or authorized representative; or Membership number of the Company Secretary Note: Attention is drawn to provisions of sections 448 and 449 of the C....
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....such Industries/ Sectors/ product(s)/ service(s) of the company under regulated sector Industries/sectors/products/services CETA heading (wherever No. of tariff items/Products/ Applicable) services (b) (ii) Details of such Industries/ Sectors/product(s)/service(s) of the company under non-regulated sector Industries/sectors/products/services 6 Details of the cost auditor(s) appointed CETA heading (wherever Applicable) No. of tariff items/Products/ services *Number of cost auditor(s) appointed (a) *Category of the auditor O Individual O Partnership firm O Limited liability partnership (LLP) (b) (i) *Membership number of the cost auditor or member representing the cost auditor's firm/LLP (ii) * Name of the Cost Auditor/ member representing the Cost Auditor's Firm/LLP * (iii) Firm registration number(FRN) of the Cost Auditor/Cost Auditor's firm/LLP (iv) *Name of the Cost Auditor's firm/LLP (c) (i) Address *Line I Line II (ii) *City (iii)*State (iv) Country (v) *Pin Code (vi) e-mail ID of the firm or member (d) *Date of the board meeting in which cost auditor was appointed (e) Type of appointment ....