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Extention for filing Cost Audit Reports and Compliance Reports for 2011-12

Written By Admin on Sunday, 29 July 2012 | Sunday, July 29, 2012



General Circular No. 18/2012

52/17/CAB-2011
Government of India
Ministry of Corporate Affairs
Cost Audit Branch
*****

‘B-1’ Wing, 2
To,
The President,
Institute of Cost Accountants of India,
12, Sudder Street,
Kolkata – 700 016

2nd
Floor,
Paryavaran Bhawan,
CGO Complex, Lodhi Road,
New Delhi – 110 003

Dated the July 26, 2012

Subject: Filing of Cost Audit Report and Compliance Report in the
eXtensible Business Reporting Language (XBRL) mode.

Sir,

Vide MCA’s General Circular No. 8/2012 dated 10 th May, 2012 [as amended on 29 th June, 2012], it has already been mandated by the Ministry
of Corporate Affairs that all cost auditors and the concerned companies
shall file their Cost Audit Reports and Compliance Reports for the year
2011-12 onwards [including the overdue reports relating to any previous
year(s)] only in the XBRL mode. For this purpose, the applicable taxonomy,
business rules, validation tools, etc. and also the “Product Group”
classification required for preparing the cost audit reports and compliance
reports as per the notified Cost Accounting Records Rules, 2011 and Cost
Audit Report Rules, 2011 are under preparation and would soon be made
available by the Ministry. The actual date for enabling XBRL filing will be
intimated separately.

2. It has now been decided by the Ministry that all cost auditors and the
concerned companies will be allowed to file their Cost Audit Reports and
Compliance Reports for the year 2011-12 [including the overdue reports
relating to any previous year(s)] with the Central Government in the XBRL
mode, without any penalty, upto 31st December, 2012.

3. The Institute is requested to circulate this for the information of all
concerned.

Tel: 011-24366005

Copy to:

(B.B.Goyal)
Adviser (Cost)
1. E-Governance Cell, Ministry of Corporate Affairs, Shastri Bhavan,
New Delhi with a request to upload this circular on the MCA’s website.
2. All Regional Directors / Registrars of Companies
3. PS to CAM / PS to MOS
4. PS to Secretary / Special Secretary
5. PS to Joint Secretary (A) / Joint Secretary (R) / Joint Secretary (M)
6. PS to DII (RC) / DII (UCN)
7. PS to Economic Adviser
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