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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 ..... 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 certified by me/us ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mail id of cost auditor or cost auditor's firm 8 Membership number of member signing report 9 Name of member signing report 10 Name(s) of product(s) or service(s) with 1[CTA Headings] 3[11 SRN number of Form CRA-2] 4[12 (a) Number of audit committee meeting(s) during the year for which Cost Auditor was invited (b) Number of audit committee meeting(s) attended by cost auditor during year] 13 Date of signing cost audit report and annexure by cost auditor 14 Place of signing cost audit report and annexure by cost auditor 3.Cost Accounting Policy (1) Briefly describe the cost accounting policy adopted by the Company and its adequacy or otherwise to determine correctly the cost of production/operation, cost of sales, sales realization and margin of the product(s)/service(s) under reference separately for each product(s)/service(s). The policy should cover, inter alia, the following areas: a) Identification of cost centres/cost objects and cost drivers. b) Accounting for material cost including packing materials, stores and spares etc., employee cost, utilities and other relevant cost components. c) Accounting, allocation and absorption of overheads d) Accounting ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mports of Finished Goods (c) Total Finished Goods Purchased 6. Stock & Other Adjustments (a) Change in Stock of Finished Goods (b) Self / Captive Consumption (incl. samples etc.) (c) Other Quantitative Adjustments, if any (wastage etc.) (d) Total Adjustments 7. Total Available Quantity for Sale [2(d) + 5(c) + 6(d)] 8. Actual Sales (a) Domestic Sales of Product (b) Domestic Sales of Traded Product (c) Export Sale of Product (d) Export Sale of Traded Product (e) Total Quantity Sold 2. ABRIDGED COST STATEMENT (for each product with 1[CTA Heading] separately) Name of Product 1[CTA Heading] Unit of Measure Production Finished Goods Purchased Finished Stock Adjustment Captive Consumption Other Adjustments Quantity Sold Current Year Previous Year Current Year 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 R ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Year Previous Year Amount Amount 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. PART-C FOR SERVICE SECTOR 1. QUANTITATIVE INFORMATION (for each service separately) Name of Service Service Code (if applicable) Particulars Unit of Measurement Current Year Previous Year 1. Available Capacity (a) Installed Capacity (b) Capacity enhanced during the year, if any (c) Total available Capacity 2. Actual Services Provided (a) Own Services (b) Services under contractual arrangements (c) Outsourced Services (d) Total Services 3. Total Services provided as per 12[Service Tax/ GST] Records 4. Capacity Utilization (in-house) 14[5. Other Adjustments (a) Self or Captive Consumption (b) Other Quantitative Adjustments, if any (c) Total Other Adjustments 6. Total Available Services for Sale [2(d)+5(c)]] 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 ..... . 9. 10. PART-D 1. PRODUCT AND SERVICE PROFITABILITY STATEMENT (for audited products/services) Sno. Particulars Current Year Previous Year Sales Rs. Cost of Sales Rs. Margin Rs. Sales Rs. Cost of Sales Rs. Margin Rs. Product 1 Product 2 Product 3 …… etc. Service 1 Service 2 Service 3 …… 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) c) d) e) f) g) h) i) j) 3 Less: Expenses not considered in cost accounts (specify details) a) b) c) d) e) f) g) h) i) j) 4 Difference in Valuation of stock between financial accounts and cost accounts 5. Other adjustments, if any 6 Profit or Loss as per Financial Accounts Note: Show abnormal wastages, expenses on strikes/lock-outs and any other items of expenses or incomes of abnormal nature etc. not considered in cost separately 3. VALUE ADDITION AND DISTRIBUTION OF EARNINGS (for the company as a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ent' and 'Biological assets other than bearer plants' 2) Capital Employed means average of net fixed assets (excluding effect of revaluation of fixed assets) plus Non-current investments and net current assets existing at the beginning and close of the financial year. 3) Net Worth is as defined under clause (57) of section 2 of the Companies Act, 2013. 5. RELATED PARTY TRANSACTIONS (for the company as a whole) Sno. 21[Name and CIN of the Related Party] Name of the Product / Service Nature of Transaction (Sale, Purchase etc.) Quantity Transfer Price Amount Normal Price Basis adopted to determine the Normal Price 1 2 3 4 5 6 7 8 9 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. Rs. Rs. Rs. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e meeting attended by cost auditor during year" 5. Substituted vide Notification No. G.S.R. 792(E). dated 15-10-2019 w.e.f. 01-04-2018 before it was read as "Total Net revenue from Operations" 6. Inserted vide Notification No. G.S.R. 792(E). dated 15-10-2019 w.e.f. 01-04-2018 7. Substituted vide Notification No. G.S.R. 792(E). dated 15-10-2019 w.e.f. 01-04-2018 before it was read as "Exceptional, Extra Ordinary and Other Comprehensive Income, if any" 8. Substituted vide Notification No. G.S.R. 792(E). dated 15-10-2019 w.e.f. 01-04-2018 before it was read as "Excise/Service Tax" 9. Substituted vide Notification No. G.S.R. 792(E). dated 15-10-2019 w.e.f. 01-04-2018 before it was read as "Excise" 10. 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" 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). dat ..... X X X X Extracts X X X X X X X X Extracts X X X X
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