MCA announces that Costing Taxonomy 2019 is under development

Sep 12, 2019 | by Avantis RegTech Legal Research Team


The Ministry of Corporate Affairs (MCA) on September 11, 2019 announces that the Costing Taxonomy 2019 to cater the annual filing of CRA-4 (Cost Audit Report) for Financial Year 2018-19 is under development. 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 (Cost Audit Report) 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 provided for filing CRA-4 without levying additional fee. The Stakeholders are requested to kindly take note and plan accordingly.

 

 

 


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