Companies (cost records and audit) Amendment Rules, 2019.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....il, 2018. (3) The companies who have already filed their Cost Audit Report in form CRA-4 for the financial year 2018-19 with the Central Government before the publication of this notification are not required to file their Cost Audit Report for the said financial year. 2. In the Companies (cost records and audit) Rules, 2014, in the Annexure,- (a) in Form CRA-1,- (i) in paragraph 7. Overheads, for sub-paragraphs (m), (q), (r) and (s), the following sub-paragraphs shall respectively be substituted, namely:- "(m) Overheads shall be classified according to functions, viz., works, administration, selling and distribution. Works overheads, also known as Production Overheads, Operation Overheads, Factory Overheads or Ma....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ely be substituted, namely:- "(a) Cost statements (monthly, quarterly and annually) showing quantitative information in respect of each goods or service under reference shall be prepared showing details of available capacity, actual production, production as per excise records, production as per GST records, capacity utilisation (in-house), stock purchased for trading, stock and other adjustments, quantity available for sale, wastage and actual sale, total quantity of outward supplies as per cost records and total outward supplies as per GST records during current financial year and previous year."; "(c) Cost statements (monthly, quarterly and annually) in respect of reconciliation of indirect taxes showing details of tota....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....in table 1. QUANTITATIVE INFORMATION (for each product with CETA Heading separately), in point 3, for the words "Excise", the words "Excise/ GST" shall be substituted; (b) in table 2. ABRIDGED COST STATEMENT (for each product with CETA Heading separately), in point 28, for the word "Interest", the word "Finance Charges" shall be substituted; (c) in table 2B. Details of Utilities Consumed, for the word "Material", the words "Utilities Consumed" shall be substituted; (III) in Part-C,- (a) in table 1. QUANTITATIVE INFORMATION (for each service separately),- (i) in point 3, for the words "Service Tax", the words "Service Tax/ GST" shall be substituted; (ii) point 5 shall be renumbered as point 7 a....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....y as a whole), for the words "Name and Address of the Related Party", the words "Name and CIN of the Related Party" shall be substituted; (e) for table 6. Reconciliation of Indirect Taxes (for the company as a whole), the following table shall be substituted, namely:- "6 Reconciliation of Indirect Taxes (for the company as a whole) Particulars Taxable Value/ Assessable  Value Excise Duty/ VAT, CST, 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   ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....d [by Utilisation of Input Tax Credit and Payment through Cash Ledger, as the case may be]     Input Tax Credit Utilised             15 CGST/ CENVAT             16 SGST / UTGST/ VAT             17 IGST             18 Cess             19 Transitional Credit             20 Others, if any, specify             21 Total Input Tax Credit Utilised (15 to 2....