Cost Audit & Cost Records Applicability Checker
Answer a few questions about your company to see whether cost records and cost audit may apply under the Companies (Cost Records and Audit) Rules, 2014.
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How this check works
Cost records may apply to companies producing goods or providing services in the sectors listed in Table A and Table B of the Companies (Cost Records and Audit) Rules, 2014, where overall turnover in the previous financial year is ₹35 crore or more. Micro and small enterprises are excluded, and ordinary trading is generally not covered, except for the specified medical devices.
Cost audit applies at higher thresholds: ₹50 crore overall turnover with ₹25 crore covered turnover for Table A products, and ₹100 crore overall turnover with ₹35 crore covered turnover for Table B products. Following ICMAI's Revised FAQs, 2024, covered turnover from both tables is aggregated, and the overall-turnover threshold decides which table's products are audited.
Export, SEZ and captive-generation exemptions can change the audit position, and each company's operations must be considered individually.