MCA extends last date of filing of CRA-4 ( Cost Audit Report ) till Dec 31 [Read Circular]

Cost Audit - Taxscan

The Ministry of Corporate Affairs ( MCA ) has extended the last date of filing of CRA-4 ( cost audit report ) for FY 2018-19 and also relaxed additional fees under the Companies Act, 2013.

The Circular said that, “The companies which are required to file CRA-4 (cost audit report) for FY 2018-19 are required to use Costing Taxonomy 2019 only. Those who have already filed CRA-4 using the existing Costing Taxonomy 2015 for FY 2018-19 are NOT required to file afresh”.

However, those companies which are yet to file their Cost Audit Reports are requested to await deployment of Costing Taxonomy 2019 on MCA21 portal. Once the Costing Taxonomy 2019 is deployed, sufficient time would be given for filing CRA-4 without levying additional fee.

The Circular also said that, the Companies (cost records and audit) Amendment Rules, 2019 and Companies (Filing of Documents and Forms in Extensible Business Reporting Language), Amendment Rules, 2019 have been notified on 15.10.2019 and simultaneously the work of deployment of costing taxonomy 2019 is under process. In view of the above and the difficulties expressed by various stakeholders for extending the last date of filing of CRA-4 (cost audit report), without payment of additional fee till 31st December 2019.

“It may be noted that the said extension is being given for the entire process starting from ‘preparation of Annexures to the Cost Audit Report’ to ‘submission of it by the Cost Auditor to the Company’ and finally ‘filing of Cost Audit Report by the Company with the Central Government’”, the Circular added.

Subscribe Taxscan Premium to view the Judgment
taxscan-loader