TaxTMI 
TaxTMI 
Form of the Cost Audit Report
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....014 have/have not been maintained by the company in respect of product(s)/service(s) under reference. (iii) 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. (iv) 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. (v) In my/our opinion, the 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. (vi) 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 product(s)/rendering of service(s), cost of sales, margin and other information relating to product(s)/service(s) under reference. (vii) Detailed unit-wise and product/service-wise cost statements and schedules thereto in respect of the product/service under reference of the company duly audited and certified by me/us are/are not kept in the company. 2. Observations and suggestions, if any, of the Cost A....
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....t auditor/cost auditor's firm 6 Address of cost auditor or cost auditor's firm 7 Email id of cost auditor or cost auditor's firm 8 Membership number of member signing report 9 Name of member signing report 10 Name(s) of product(s) or service(s) with CETA Headings 5[11 SRN number of Form CRA-2 6[12(a) Number of audit committee meeting(s) during the year for which Cost Auditor was invited 12(b) Number of audit committee meeting(s) attended by cost auditor during year] 13 Date of signing cost audit report and annexure by cost auditor 14 Place of signing cost audit report and annexure by cost auditor 3. Cost Accounting Policy (1) Briefly describe the cost accounting policy adopted by the Company and its adequacy or otherwise to determine correctly the cost of production/operation, cost of sales, sales realisation and margin of the product(s)/service(s) under reference separately for each product(s)/service(s). The policy should cover, inter alia, the following areas: a) Identification of cost centres/cost objects and cost drivers. b) Accounting for material....
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....e of Product 3B[CTA Heading] 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 any (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 (d) Total Production 3. Production as per 11[Excise/ GST] Records 4. Capacity Utilisation (in-house) 5. Finished Goods Purchased (a) Domestic Purchase of Finished Goods (b) Imports of Finished Goods (c) Total Finished Goods Purchased 6. Stock and Other Adjustments  ....
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.... Packing Cost 18 Cost of Production/Operations (14 + 15 to 17) 19 Cost of Finished Goods Purchased 20 Total Cost of Production and Purchases (18 + 19) 21 Increase/Decrease in Stock of Finished Goods 22 Less: Self/Captive Consumption (incl. Samples, etc.) 23 Other Adjustments (if any) 24 Cost of Production/Operation of Product Sold (20 + 21 to 23) 25 Administrative Overheads 26 Secondary Packing Cost 27 Selling and Distribution Overheads 28 Cost of Sales before 12[Finance Charges] (24 to 27) 29 Finance Cost 30 Cost of Sales (28 + 29) 31 Net Sales Realisation (Net of Taxes and Duties) 32 Margin [Profit/(Loss) as per Cost Accounts] (31 - 30)  ....
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.... 10. 2C. Details of Industry Specific Operating Expenses Name of Product 3H[CTA Heading] Description of Industry Specific Operating Expenses Current Year Previous Year Amount Amount 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. PART-C FOR SERVICE SECTOR 1. QUANTITATIVE INFORMATION (for each service separately) Name of Service Service Code (if applicable) Particulars Unit of Measurement Current Year Previous Year 1. Available Capacity (a) Installed Capacity (b) Capacity enhanced during the year, if any (c) Total available Capacity 2. Actual Services Provided (a) Own Services (b) Services under contractual arrangements (c) Outsourced Serv....
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....s: Self/Captive Consumption 19 Other Adjustments (if any) 20 Cost of Services Sold (17 - 18 + 19) 21 Administrative Overheads 22 Selling and Distribution Overheads 23 Cost of Sales before 17[Finance Charges] (20+21+22) 24 Finance Cost 25 Cost of Sales (23 + 24) 26 Net Sales Realisation (Net of Taxes and Duties) 27 Margin [Profit/(Loss) as per Cost Accounts] (26 - 25) NOTES: 1. Separate cost statement shall be prepared for each service 2. The items of cost shown in the proforma are indicative and the same should be reflected keeping in mind the materiality of the item of cost in the service. 3. The proforma may be suitably modified to meet the requirement of the industry/service. 4. In case the company follows a pre-determined or standard costing system, the above cost statement should reflect figures at actuals after adjustment ....
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....STATEMENT (for audited products/services) S no. Particulars Current Year Previous Year Sales Rs. Cost of Sales Rs. Margin Rs. Sales Rs. Cost of Sales Rs. Margin Rs. Product 1 Product 2 Product 3 ... etc. Service 1 Service 2 Service 3 ... etc. Total 2. PROFIT RECONCILIATION (for the company as a whole) S no. Particulars Current Year Rs. Previous Year Rs. 1 Profit or Loss as per Cost 19[Accounts] (a) For the audited product(s)/service(s) (b) For the un-audited product(s)/service(s) 2 Add: Incomes not considered in cost accounts (specify details) a) ....
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....sp; 5 Exceptional and Extra Ordinary Expenses, if any 6 Others, if any (specify) 7 Total distribution of earnings 4. FINANCIAL POSITION AND RATIO ANALYSIS (for the company as a whole) Sno. Particulars Units Current Year Previous Year A. 1 2 3 4 5 6 7 Financial Position Share Capital (see Note 1) Reserves and Surplus (see Note 1) Long Term Borrowings (see Note 1) (a) Gross Fixed Assets (b) Net Fixed Assets (see Note 1) (a) Current Assets (b) Less: Current Liabilities (c) Net Current Assets Capital Employed (see Note 2) Net Worth (see Note 3) B. 1 2 3 Financial Performance Value Added Net Revenue from Operations of Company Profit before Tax (PBT) C. 1 2 3 4 Profitability Ratios PBT to Capital Employed (B3/A6) PBT to Net Worth (B3/A7) PBT to Value Added (B3/B1) PBT to Net revenue from Operations (B3/B2) % % % % D. 1 2 3 Other Financial Ratios Debt-Equity Ratio Current Assets to Current Liabilities Valued Added to Net Revenue from Operations %....
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....T, Cess etc./ Other State Taxes, if any Goods & Services Tax CGST SGST / UTGST IGST Cess and Others Rs. Rs. Rs. Rs. Rs. Rs. Sl. No. Duties/ Taxes Payable Excise Duty 1 Domestic 2 Export 3 Stock Transfers (Net) 4 Others, if any 5 Total Excise Duty (1 to 4) 6 VAT, CST, Cess etc. 7 Other State Taxes, if any Goods & Services Tax 8 Outward Taxable Supplies (other than zero rated, Nil Rated and Exempted) 9 Outward Taxable Supplies (zero rated) 10 Inward Supplies (liable to Reverse Charge) 11 Other Outward Supplies (N....
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.... vide Notification No. G.S.R. 01(E) dated 31-12-2014 2. Substituted vide Notification No. G.S.R. 1498 (E) dated 07-12-2017 3. Substituted vide Notification No. G.S.R. 1526 (E) dated 20-12-2017 w.e.f. 01-07-2017 before it was read as, "CETA Heading" 3A. Substituted vide Notification No. G.S.R. 1526 (E) dated 20-12-2017 w.e.f. 01-07-2017 before it was read as, "CETA Heading" 3B. Substituted vide Notification No. G.S.R. 1526 (E) dated 20-12-2017 w.e.f. 01-07-2017 before it was read as, "CETA Heading" 3C. Substituted vide Notification No. G.S.R. 1526 (E) dated 20-12-2017 w.e.f. 01-07-2017 before it was read as, "CETA Heading" 3D. Substituted vide Notification No. G.S.R. 1526 (E) dated 20-12-2017 w.e.f. 01-07-2017 before it was read as, "CETA Heading" 3E. Substituted vide Notification No. G.S.R. 1526 (E) dated 20-12-2017 w.e.f. 01-07-2017 before it was read as, "CETA Heading" 3F. Substituted vide Notification No. G.S.R. 1526 (E) dated 20-12-2017 w.e.f. 01-07-2017 before it was read as, "CETA Heading" 3G. Substituted vide Notificati....
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....8 before it was read as, "Accounting Records" 20. Substituted vide Notification No. G.S.R. 792(E). dated 15-10-2019 w.e.f. 01-04-2018 before it was read as, "1 Gross Sales (excluding sales returns) 20A. Substituted vide Notification No. G.S.R. 792(E). dated 15-10-2019 w.e.f. 01-04-2018 before it was read as, "2 Less: Excise duty, etc. " 20B. Substituted vide Notification No. G.S.R. 792(E). dated 15-10-2019 w.e.f. 01-04-2018 before it was read as, "3 Net Sales " 20C. Substituted vide Notification No. G.S.R. 792(E). dated 15-10-2019 w.e.f. 01-04-2018 before it was read as, "5 Add/Less: Adjustment in Finished Stocks " 20D. Substituted vide Notification No. G.S.R. 792(E). dated 15-10-2019 w.e.f. 01-04-2018 before it was read as, "9 Add: Exceptional, Extra Ordinary and Other Comprehensive Income, if any " 21. Substituted vide Notification No. G.S.R. 792(E). dated 15-10-2019 w.e.f. 01-04-2018 before it was read as, "3 Finished Goods Stock to Cost of Sales Months" 22. Substituted vide Notification No. G.S.R. 792(E). dated 15-10-2....