The CASB (Cost Accounting Standards Board) had issued a notification regarding Cost Audit Report for 2017-18. Following are the main and important points for preparation and filling of Cost Audit Report for the F.Y 2017-18.
|GST Details||Information and records related to GST, as per the provisions of GST Act, for the period (1st July to 31st March’2018) has to be maintained by way of a statement to be kept with the company.|
|PARA A – 4 (PRODUCT/SERVICE DETAILS)||Turnover as per Excise/Service Tax Records: Turnover information to be provided for the period upto 30th June 2017 only.|
|PARA B- 1 (QUANTITATIVE INFORMATION)||Production as per Excise Records: Production information to be provided for the period upto 30th June 2017 only.|
|PARA – D- 6 RECONCILIATION OF INDIRECT TAXES||Information related to indirect taxes for the period upto 30th June 2017 to be provided in Cost Audit Report only.|