Sponsored
    Follow Us:

Navneet Kumar Jain

Latest Posts by Navneet Kumar Jain

MCA Issues Show Cause Notices for Cost Audit Non-Compliance

April 2, 2025 4866 Views 1 comment Print

MCA issues notices for non-filing or delayed filing of cost audit reports under Section 148 of the Companies Act. Learn about penalties and response strategies.

Cost Audit and Cost Records applicability 2024-25

June 24, 2024 27060 Views 3 comments Print

Understand Cost Audit applicability for 2024-25. Learn about non-compliance consequences and how to avoid show cause notices. Insights by CMA Navneet Kumar Jain.

Applicability & Non-Compliance in Cost Records/Audit: MCA Notices & ICMAI Advisory

May 13, 2024 10602 Views 0 comment Print

Applicability of Cost Records and Cost Audit and Non-Compliance with various provisions with regard to Cost Records/Audit results in issue of Notices by MCA and advisory by ICMAI

Cost Records Maintenance under Section 148 of Companies Act gets Momentum

March 19, 2023 5496 Views 0 comment Print

Cost Records Maintenance under Section 148 of Companies Act gains traction. Learn about mandates, notices, and the importance of compliance for corporates.

Inventory Valuation by Cost Accountants under Income Tax proposed for specific cases

February 1, 2023 8421 Views 1 comment Print

Income Tax proposed cost accountants inventory valuation specific cases – Stock valuations by cost accountants to assess financial position for Income Tax proposed in Budget 2023-24.

Cost Auditing Standards and Review of Cost Audit Reports by MCA

October 13, 2022 6231 Views 0 comment Print

Explore the significance of compliance with Cost Audit Standards and the Ministry of Corporate Affairs (MCA) review of Cost Audit Reports. Learn about the approved Cost Auditing Standards and the governments reliance on certified data submitted by professionals for effective policy-making. Understand the MCAs issuance of notices for the review of Cost Audit Reports and the importance of submitting reliable data. Stay informed about the government’s actions to ensure accurate and benchmarked costing data for policy-makers.

Handling of Notices issued for non-appointment of Cost Auditors for 2017-18

May 19, 2022 9186 Views 1 comment Print

Discover the impact of non-appointment of cost auditors for 2017-18 and the notices issued. Understand the challenges faced by compliance officers and the consequences of non-compliance.

How to determine Cost Audit & Cost Records Maintenance applicability for reporting in Director’s Report & CARO

May 2, 2022 13581 Views 0 comment Print

All of us have started experiencing the heat towards the compliance mechanisms being put up by the statutory/regulatory authorities. As the Cost Records and GST records both use the HSN codes for reporting purposes, leniency in the maintenance of cost records or missing out on getting the cost audit conducted can cost a lot to the organisations.

Scrutiny of GST returns for 2017-18 and 2018-19

March 24, 2022 55377 Views 0 comment Print

Get ready for scrutiny of GST returns for 2017-18 and 2018-19. CBIC issues instructions as CGST begins audits. Stay prepared for potential queries.

Contents of Annual Union Budget in nutshell

January 31, 2022 8193 Views 0 comment Print

Budgets are announced by states and center to provide an idea as to from the money will come and where the money will go so far as government functioning is concerned. The budget is also an indicator with regard to the government’s vision as to where resources should be utilized for overall development of the […]

Sponsored
Sponsored
Search Post by Date
May 2025
M T W T F S S
 1234
567891011
12131415161718
19202122232425
262728293031