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TMI BlogCompanies (cost records and audit) Amendment Rules, 2019.X X X X Extracts X X X X X X X X Extracts X X X X ..... he Annexure,- (a) in Form CRA-1 ,- (i) in paragraph 7. Overheads, for sub-paragraphs (m), (q), (r) and (s), the following sub-paragraphs shall respectively be substituted, namely:- (m) Overheads shall be classified according to functions, viz., works, administration, selling and distribution. Works overheads, also known as Production Overheads, Operation Overheads, Factory Overheads or Manufacturing Overheads, shall be the indirect costs involved in the production of a product or in providing service. Administrative overheads shall be the aggregate of cost of resources consumed in activities relating to general management and administration of an organisation. Selling and Distribution overheads shall be the aggregate of cost of resources consumed in the selling and distribution activities of the organization. ; (q) In case of leased assets, if the lease is an operating lease, the entire rentals shall be included in the respective overheads. If the lease is a financial lease, the finance cost portion shall be segregated and treated as part of finance costs. ; (r) Selling and Distribution Overheads, the be ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... a whole),- (i) or the words Total Net revenue from Operations , the words Total Net Operational Revenue of Manufactured Product or Service shall be substituted and thereafter two new rows shall be inserted, namely:- Other Operating Incomes of Company Total Operating Incomes of Company ; (ii) for the words Exceptional, Extra Ordinary and Other Comprehensive Income, if any , the following shall be substituted, namely:- (i) Exceptional and Extra Ordinary income (ii) Other Comprehensive Income, if any ; (iii) for the words Excise/ Service Tax the words Excise / Service Tax/ GST shall be substituted; (II) in Part-B,- (a) in table 1. QUANTITATIVE INFORMATION (for each product with CETA Heading separately), in point 3, for the words Excise , the words Excise/ GST shall be substituted; (b) in table 2. ABRIDGED COST STATEMENT (for each product with CETA Heading separately), in point 28, for the word Interest , the word Finance Charges shall be substituted; (c) in table 2B. Details of Utilities Consumed, for the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rs 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. Sl. No. Duties/ Taxes Payable Excise Duty 1 Domestic ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 11 Other Outward Supplies (Nil Rated, Exempted) 12 Non-GST Outward Supplies 13 Total (8 to 12) 14 Total Duties / Taxes Payable (5 + 6 + 7 + 13) Duties/ Taxes paid [by Utilisation of Input Tax Credit and Payment through Cash Led ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Difference between Taxes Paid and Payable (14 - 23) 24 Interest/Penalty/Fines Paid Explanatory Memorandum : It is certified that no person is being adversely affected by giving retrospective effect to this notification. The proposed amendments have been made on account of introduction of the Goods and Services Tax. [F. No. 1/40/2013-CL-V Part 1] K. V. R. MURTY, Jt. Secy. Note : The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 425 (E), dated the 30th June, 2014 and amended vide number G.S.R. 01(E), dated the 31st December, 2014 and vide number G.S.R. 486 (E), Dated the 12th June, 2015 and vide number G.S. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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