If a company engages in telecommunication, electricity and say for ex: infrastructure(which is not specified in regulated sectors). Will the turnover from infrastructure be counted in calculating overall annual turnover?
Applicability of Cost Records (Regulated or Non Regulated)
Condition 1 :- It should have at least one product / service from Regulated / Non -Regulated Sector
Condition 2:- Overall Turnover (Regulated + Unregulated + Others) of last year should be 35 crores or more
Applicability of Cost Audit (Regulated)
Condition 1:- Aggregate of Regulated Sector of last year should be 25 crores or more
Condition 2:- Overall Turnover (Regulated + Unregulated + Others) of last year should be 50 crores or more
Applicability of Cost Audit (Non Regulated)
Condition 1:- Aggregate of Regulated Sector of last year should be 50 crores or more
Condition 2:- Overall Turnover (Regulated + Unregulated + Others) of last year should be 100 crores or more
Does that mean every company having Turnover above 100cr requires cost audit, if turnover includes regulated/unregulated products?
we will have to check sectorwise turnover also, there are 2 cumulative conditions