Certificates a Cost Accountant Can Issue
In short
- Several laws ask for a certificate from a professional, and name a Cost Accountant in practice among those who can give it.
- We issue the certificates that have a clear legal basis, under GST, company law and foreign trade policy.
- Every certificate carries a Unique Document Identification Number (UDIN) that anyone can verify.
Who it is for
- Businesses asked for a certificate by a tax officer.
- Businesses asked for one by a bank, a customer or a licensing authority.
- Exporters who need a certificate under the foreign trade Handbook of Procedures.
What we do
- GST. Certificates for refund claims above ₹2 lakh, and for input credit claimed on stock above ₹2 lakh when a business becomes liable to GST or changes scheme. Special audits where the Commissioner nominates the auditor.
- Cost of production. Certificates prepared under Cost Accounting Standard 4, and cost statements for pricing, tenders and price-revision claims.
- Company law. The cost audit report in Form CRA-3, and certification of some company e-forms.
- Foreign trade. The certificate for an EPCG (Export Promotion Capital Goods) authorisation, and the consumption and stock register certificate for Advance Authorisation and DFIA (Duty Free Import Authorisation).
- What we do not sign. Reports the law reserves for others, such as the tax audit report and the annual return certificate (MGT-7).
What you receive
- A certificate or report in the form the authority asks for
- Working papers that show how each figure was checked
- A Unique Document Identification Number (UDIN) on every certificate
How the work runs
We check each figure against your records, and keep working papers that show how.
For other certificates, such as net worth or turnover, check with the bank or department what it will accept before you commission one.
A certificate states what was examined and what was found. We issue it only after the records support it.