Covid-19: India Inc Gets More Time For Cost Audit Report Compliance

Companies now get more time to file their cost audit report related e-form with the Corporate Affairs Ministry (MCA) extending the last date for filing of such reports by cost auditors to the board of directors.

As against the earlier stipulated deadline of November 30 for cost auditors to submit their report to the board of directors, the MCA has due to ongoing COVID-19 pandemic extended this last date to December 31.

Consequently Corporate India will get another 30 days from the date the report gets submitted to the Board to electronically file the form CRA-4 (form for filing of cost audit report) with MCA for FY 2019-20 under Companies Act 2013, official sources said.

It may be recalled that in view of the extraordinary disruption caused due to the pandemic, the MCA had in September this year extended the deadline for furnishing of cost audit report for 2019-20 by the cost auditor to the board of directors to November 30.

Source: The Hindu BusinessLine

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