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  1. Mar 1, 2022 · Statutory cost audit; Applicability of cost auditing as per Companies (Cost Records and Audit) Rules, 2014. Cost Audit is a legal compulsion for: Every company cited in item (A) of rule 3 whose yearly turnover during the immediately preceding FY is Rs 50 crores or more.

  2. ministry of corporate affairs

  3. hereby makes the following rules, namely:-1.Short Title and Commencement- (1) These Rules may be called. Companies (Cost Audit Report) Rules, 2013. (2) They shall come in to force on the date. of their publication in the Official Gazette.(3) They shall be applicable in respect of the financial. ye.

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  5. Rule 4 states that cost audit would be applicable to a company if the classification of company falls under Industry / Sector / Product / Service provided in Table A or Table B and: (a) Overall annual turnover from all products / services is of Rs. 50 crore or more and aggregate turnover from individual product / services for which cost records ...

  6. Jun 30, 2014 · The Companies (Cost Records and Audit) Rules, 2014. MINISTRY OF CORPORATE AFFAIRS. NOTIFICATION. New Delhi, the 30th June, 2014. [Amended upto date 1] G.S.R. 425 (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) and in supersession of Companies (Cost ...