Mayank MendirattaMayank Mendiratta asked 3 years ago
2 Answers
RaviRavi Staff answered 3 years ago

Hello Mayank 
All the limits are as per amended cost audit rules.  There are four limits used 25 / 35 / 50 / 100 crores for cost records and cost audit.

Kannaujiya & CoKannaujiya & Co (Cost Accountant) answered 3 years ago

There are two sector in Cost Audit Applicability which are as follows 
A-Regulated Sector 
Cost Records Maintenance : Total Turnover of Company  More than Rs 35 Cr.
Cost Audit : Total Turnover of Company Rs.50 Cr and Individual Product Turnover Rs 25 Cr.
B- Non Regulated Sector
Cost Records Maintenance : Total Turnover of Company  More than Rs 35 Cr.
Cost Audit : Total Turnover of Company Rs. 100 Cr and Individual Product Turnover Rs 35 Cr.
 
for more details , http://www.cmapk.in or write us at pankaj@cmapk.in
Regards
Pankaj Kannaujiya (Cost Accountant)
http://www.cmapk.in

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