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TMI BlogForm of the Cost Audit ReportX X X X Extracts X X X X X X X X Extracts X X X X ..... ion, proper cost records, as per Rule 5 of the Companies (Cost Records and Audit) Amendment Rules, 2014 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 ce ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tors meeting in which annexure to cost audit report was approved 14 Whether cost auditors report has been qualified or has any reservations or contains adverse remarks 15 Consolidated qualifications, reservations or adverse remarks of all cost auditors 16 Consolidated observations or suggestions of all cost auditors 17 Whether company has related party transactions for sale or purchase of goods or services 2.General Details of Cost Auditor 1 Whether cost auditor is lead auditor 2 Category of cost auditor 3 Firm's registration number 4 Name of cost auditor/cost auditor s firm 5 PAN of cost auditor/cost auditor s firm ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ancial year. (3) Observations of the Cost Auditor regarding adequacy or otherwise of the Budgetary Control System, if any, followed by the company. 4.PRODUCT/SERVICE DETAILS (for the company as a whole) Name of Product(s)/Service(s) UOM 1 [CTA Heading] (Wherever applicable) Whether Covered under Cost Audit Yes / No Net Operational Revenue (net of taxes, duties etc.) Current Year Rs. Previous Year Rs. 1. 2. 3. 4. 5 [ Total Net Operational Revenue of Manufactured Product or Service ] ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 9 [ Excise/ GST ] Records 4. Capacity Utilization (in-house) 5. Finished Goods Purchased (a) Domestic Purchase of Finished Goods (b) Imports of Finished Goods (c) Total Finished Goods Purchased ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Previous Year Sno. Particulars Amount (Rs.) Rate per Unit (Rs.) Amount (Rs.) Rate per Unit (Rs.) 1 2 3 4 5 6 7 8 9 10 11 12 13 Materials Consumed (specify details as per Para 2A) Process Materials/Chemicals Utilities (specify details as per 2B) Direct Employees Cost Direct Expenses Consumable Stores Spares Repairs Maintenance Quality Control Expenses Research Development Expenses Technical know-how Fee / Royalty Depreciation/Amortization Other Production Overheads Industry Specific Operating Expenses (specify details as per Para 2C) 14 15 16 17 Total (1 to 13) Increase/Decrease in Work-in-Progress Less: Credits for Recoveries, if any Primary Packing Cost ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 1 [CTA Heading] Description of Material Category UOM Current Year Previous Year Quantity Rate per Unit (Rs.) Amount Quantity Rate per Unit (Rs.) Amount 1. 2. 3. 4. 5. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 7. 8. 9. 10. 2C. Details of Industry Specific Operating Expenses Name of Product 1 [CTA Heading] Description of Industry Specific Operating Expenses Current Year Previous Year Amount Amount 1. 2. 3. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 13 [7.] Actual Sales (a) Services rendered Domestic (b) Services rendered Export (c) Total Services Rendered 2. ABRIDGED COST STATEMENT (for each service separately) Name of Service Service Code (if applicable) Unit of Measure Services Provided Captive Consumption Other Adjustments Services rendered Current Year Previous Year Sno. Particulars ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 of variances, if any. 2A. Details of Materials Consumed Name of Service Service Code (if applicable) Description of Material Category UOM Current Year Previous Year Quantity Rate per Unit (Rs.) Amount Quantity Rate per Unit (Rs.) Amount 1. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 3. 4. 5. 6. 7. 8. 9. 10. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... etc. Total 2. PROFIT RECONCILIATION (for the company as a whole) Sno. Particulars Current Year Rs. Previous Year Rs. 1 Profit or Loss as per Cost 18 [ 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) b) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 19 [ 1 Revenue from Operations 2 Less: Taxes and other duties 3 Net Revenue from Operations ] 4 Add: Export Incentives 19 [ 5 Add/ Less: Adjustment in Stocks ] 6 Less: Cost of bought out inputs (a) Cost of Materials Consumed (b) Process Materials / Chemicals (c) Consumption of Stores Spares (d) Utilities (e.g. power fuel) (e) Others, if any Total Cost of b ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Profitability Ratios PBT to Capital Employed (B3/A6) PBT to Net Worth (B3/A7) PBT to Value Added (B3/B4) 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 % E. 1 2 3 Working Capital Ratios Raw Materials Stock to Consumption Stores Spares to Consumption 20 [ **** ] Months Months Notes: 1) In this table, in case of companies to which Indian Accounting Standards apply: a) Share Capital shall mean 'Equity Share Capital' b) Reserves and Surplus shall mean 'Other Equity.' c) Long Term Borrowings shall mean 'Borrowing under Non-Current Liabilities' ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 10 NOTES: 1) Details should be furnished for each Related Party and Product /Service separately. 2) Details of Related Party transactions without indicating the Normal Price and the basis thereof shall be considered as incomplete information. 22 [ 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. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l Rated and Exempted) 9 Outward Taxable Supplies (zero rated) 10 Inward Supplies (liable to Reverse Charge) 11 Other Outward Supplies (Nil Rated, Exempted) 12 Non-GST Outward Supplies ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 15 to 20) 22 Payment through Cash Ledger 23 Total Duties/Taxes Paid (21 + 22) Difference between Taxes Paid and Payable (14 - 23) 24 Interest/Penalty/Fines Paid ] ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tification No. G.S.R. 792(E). dated 15-10-2019 w.e.f. 01-04-2018 before it was read as Interest 11. Substituted vide Notification No. G.S.R. 792(E). dated 15-10-2019 w.e.f. 01-04-2018 before it was read as Material 12. Substituted vide Notification No. G.S.R. 792(E). dated 15-10-2019 w.e.f. 01-04-2018 before it was read as Service Tax 13. Re-Numbered vide Notification No. G.S.R. 792(E). dated 15-10-2019 w.e.f. 01-04-2018 before it was read as 5. 14. Inserted vide Notification No. G.S.R. 792(E). dated 15-10-2019 w.e.f. 01-04-2018 16. Substituted vide Notification No. G.S.R. 792(E). dated 15-10-2019 w.e.f. 01-04-2018 before it was read as Interest 17. Substituted vide Notification No. G.S.R. 792(E). dated 15-10-2019 w.e.f. 01-04-2018 before it was read as Material 18. Substituted vide Notification No. G.S.R. 792(E). dated 15-10-2019 w.e.f. 01-04-2018 before it was read as Accounting Records 19. 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 return ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r State Taxes, if any 9 Total Duties / Taxes Payable (5 to 8) Duties/Taxes Paid 10 Cenvat/VAT Credit Utilised - Inputs 11 Cenvat/VAT Credit Utilised - Capital Goods 12 Cenvat/VAT Credit Utilised - Input Services 13 Cenvat/VAT Credit Utilised - Others 14 Total (10 to 13) ..... X X X X Extracts X X X X X X X X Extracts X X X X
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