TaxTMI 
TaxTMI 
TaxTMI 
The Companies (Cost Records and Audit) Amendment Rules, 2015 - Substitution of Forms CRA - 2 and CRA - 4
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....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 member * Page 21 of 54 * 5. Financial year to be covered under cost audit (a) *From( (b) *To( DD/MM/....
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....ave/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) MEMBERSHIP NUMBER (S) NOTES: (1) Delete words not applicable. (2) If as a result of the examination of the books of account, the Cost Auditor desires to point out any material deficiency or give a qualified report, he/she shall indicate the same against the relevant p....
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....oducts/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 manufacture of good(s)/delivery of service(s) along with flow chart covering manufacture of good(s)/provision of service(s), utility and production/service department engaged in the manufacturing of the good(s)/delivery of service(s). GOOD(S)/SERVICE(S) DETAILS (FOR THE COMPANY AS A WHOLE): S. No. Name of each Good(s)/Service(s) A Production of Goods 1. 2. 3. etc. Net Sales (net of taxes, duties etc.) Co....
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.... 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 currency/INR) 2. Insurance & freight/Travelling expenses, if any 3. Customs duty, if any 4. Clearing charges, if any 5. Inland freight, if any 6. Other expenses 7. Total (B) Service(s) 1. (please specify) 2. --- 3. ---etc. 4. Total 30 Current Year Previous Year 7. UTILITIES: Particulars 1. Indigenous: (specify) (a) (b) (c) etc. 2. Self-Generated: (specify) (a) (b) (c) etc. 3. Imported: (specify) (a) (b) (c) etc. Total For Company as a whole For the Company as a whole Share of good(s) produced /service(s) rendered Basis of apportionment of the (in case of more than one good(s) /service(s) additional columns may be adde....
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....unt of depreciation provided in the financial records 3.Method of providing depreciation 4. Amount of depreciation absorbed in the cost records 5. Shortfall/Excess, if any Particulars Note: The impact of re-valuation of assets, if any, shall not be included. Current Year Previous Year 11. NET BLOCK, DEPRECIATION AND LEASE RENT: (For good(s)/service(s) covered) Net Assets at the end of the year Fixed Depreciation for the year Lease Rent Total paid, if any (b+c) Apportionment Goods/Services to Basis of Apportionment (c) (a) (b) Name of major cost centers for good(s) /service(s): (specify) (a) (b).. etc. Total Note: Excluding Net block of assets given on lease, if any. 12. OVERHEADS: 35 A B C D..etc. For Company as a whole Particulars For the Company as a whole Share of good(s) produced /service(s) rendered Factory Overheads (specify) a. b...etc. Administration (specify) Overheads a. b...etc. Selling Overheads (specify) a. b...etc. Distribution (specify) Overheads a. b...etc. 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 C....
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..... Packing materials 5. Tools and implements and Jigs, Dies and Fixtures. 6. Work-in-progress: (i) material cost (ii) conversion cost (details to be given) 7. Finished goods: (i) unpacked (ii) packed 8. Scrap/wastage 9. Others, if any 10.Total value of inventory as per cost accounts Basis of valuation Current Year Previous year Quan Rate Amoun tity t Quan tity Rate Amount 40 11. Total value as per financial accounts 12. Reasons for major differences, if any Notes: (1)In respect of item at Sr. No. 1 and 6 details be furnished in respect of each major input material constituting at least 5% of the total material cost. (2) Give in brief the method of inventory valuation system indicating the elements of cost included therein and the extent thereof. (3) Capital work-in-progress to be shown separately. 19. Sales/Revenue of the good(s)/service(s) covered: Particulars Current Year Quantity Rate Amount (Rs.) Quantity Rate 1. Purchased Goods/Outsour ced services :(specify) (a) (b) 2. Loan License (a) (b) 3. Basis: (specify) Own Manufactured/ self-rendered: specify (a) (b) 4. Toda / Revenue 41 Previous Year Amount (Rs.) 20. Not....
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....c) 3 Difference between (1-2) 4 (State amount and reasons for difference) 5 Excise Duty as per RT - 12 6 Difference between (2-5) 7 Amount and reasons for difference E. Reconciliation of Duty Paid & Recovered: 1 Excise Duty paid as per P and L A/C 2 Excise Duty recovered as per P and L A/c 3 Difference between duty paid and recovered 4 Amount and reasons for difference F. Reconciliation of Turnover 1 Turnover as per excise/ST records 2 Turnover as per Annual Accounts (Net off Duties & Taxes) Amount (Rs.) - 44 3 Difference between (1-2) 4 Amount and reasons for difference 23. Profit Reconciliation: S. Particulars No. 1 Profit or Loss as per Cost accounting records 2 Add: incomes not considered in cost accounts: Specify 3 4 5 Less: expenses not considered in cost accounts: Specify Add: overvaluation of closing stock in financial accounts Add: under-valuation of opening stock in financial accounts 6 Less: under-valuation of closing stock in financial 7 accounts Less: overvaluation of opening stock in financial accounts 8 Adjustments for others, if any (specify) 9 Profit or Loss as per financial accounts Previous year Curr....
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....40 40 41 42 Total margin (including export benefits) Ex-factory price (excluding sales tax) Maximum retail price (excluding sales tax etc.) Maximum retail price, if any, prescribed by the Government/statutory body etc. Note: 1. Separate proforma shall be prepared for each type/variety/ description of good(s)/service(s) under reference. 2. Separate proforma shall be prepared for the quantity used for captive consumption, quantity sold within the country and the quantity exported. Expenses incurred on export and the incentive earned thereon shall be indicated in the proforma applicable for the quantity produced and exported. 3. Separate proforma shall be prepared for any related party/inter-unit transfer of intermediate/finished good(s)/service(s) under reference. 4.. The proforma may be suitably modified to cover the special features, if any, of the good(s)/service(s) covered. 5.. Indicate whether the prices of the good(s)/service(s) covered are ex-factory prices, F.O.R prices, door delivery prices or any other terms. In case of ex-factory prices, whether cost of dispatch packing materials, freight, insurance and delivery charges are recoverable from the customers....
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....the Board of Directors' dated DD/MM/YYYY) number to sign and submit this form. I am authorised to sign and submit this form. To be digitally signed by: Managing Director or Director or Manager or Secretary (in case of an Indian company) Digital resolution or an authorised representative (in case of a foreign company) *Designation Signatures *Director identification number of the Director or Managing Director; or the manager or of authorised representative; or Membership number, if applicable of the secretary Director of the company Director identification number of the director Modify CheckForm 53 Prescrutiny Submit Digital Signatures Document 2 FORM No.CRA-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 (b) *Address of the registered office or of the principal place of business in India of the company mandatorily filled. Pre-Fill or foreig....
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....the company Director identification number of the director Modify CheckForm 53 Prescrutiny Submit Digital Signatures This e-form has been taken on file maintained by the Central Government through electronic mode and on the basis of statement of correctness given by the filing company and the cost auditor 54 54 Document 3 [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS NOTIFICATION th New Delhi, the 12 ... June, 2015 G.S.................. (E).- In exercise of the powers conferred by sub-sections (1) and (2) of section 469 and section 148 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further 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:- "FO....
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....) 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 (DD/MM/YYYY) O Original O Appointment due to casual vacancy O Appointment for new products/services/location (f) *Scope of audit of the cost auditor/firm/LLP 5. Financial year to be covered under the cost audit From (DD/MM/YYYY) To (DD/MM/YYYY) 6. (a) *Is there any change in cost auditor(s) appointed, from the previous financial year O Yes O No O Not applicable (b)*Mention 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 ....
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....i) Details of such industries/sectors/products/services under non-regulated sectors ' Industries/sectors/products/services CETA heading (wherever Applicable) No. of tariff items/Products/services 5 (a) *State number of Industries/ Sectors/ Product(s)/ Service(s) (CETA heading level, wherever applicable as per Rules) not covered in the Cost Audit Report (i) (ii) Regulated Non-Regulated (b) (i) Details of 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....