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Cma Arti Arora

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Role of Cost Accountant in inventory valuation under Income Tax

April 7, 2023 2238 Views 0 comment Print

Discover the significance of inventory valuation in income tax and the crucial role cost accountants play in this process. Learn about inventory valuation methods and the responsibilities of cost accountants, including choosing valuation methods, determining costs, maintaining accurate records, ensuring compliance with tax regulations, and coordinating with other departments. Stay informed to ensure accurate and compliant inventory valuation for your business.

Consequences of not following provisions of Section 38 of GST Act 2017

March 30, 2023 2280 Views 0 comment Print

Understand the implications of not adhering to Section 38 of GST Act 2017. Explore the consequences, including ITC reversal, penalties, interest, scrutiny, and reputational damage.

MCA notice for non-compliance of provision related to Cost records & Solution

March 24, 2023 2472 Views 0 comment Print

Learn about the MCA notice for non-compliance with cost records under Section 148 of the Companies Act 2013, and discover solutions for directors, including appointing a Cost Accountant, maintaining accurate records, rectifying non-compliance, seeking professional advice, and timely communication with the MCA to avoid penalties and legal consequences.

Directors Responsibility For Maintenance of Cost Records

March 17, 2023 4755 Views 1 comment Print

Section 148 and Section 134 of the Companies Act 2013 both deal with responsibility of directors regarding the maintenance of cost records.

Role of inventory management control in cost accounting

March 7, 2023 3486 Views 1 comment Print

Discover the crucial role of inventory management control in cost accounting. Learn how it optimizes inventory levels, reduces costs, and boosts profitability.

Penal provisions for non- compliance of cost audit report

March 6, 2023 8583 Views 0 comment Print

Discover the penal provisions for non-compliance of cost audit reports under Section 148 of the Companies Act, 2013, and ensure timely submission to avoid penalties.

Cost Accounting under Section 148 of Companies Act, 2013 & challenges

March 4, 2023 3684 Views 4 comments Print

Explore Cost Accounting under Section 148 of the Companies Act, 2013, its requirements, and practical challenges faced by industries in implementing cost accounting practices.

Importance of Cost Control techniques & methods of cost control techniques

March 3, 2023 18957 Views 3 comments Print

Learn the importance of cost control techniques in industries. Explore methods like budgeting, standard costing, activity-based costing, inventory management, process improvement, outsourcing, and negotiation.

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April 2024