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CMA Sahil
CMA8+ years · English, Hindi, Punjabi
- Income tax returns
- GST compliance
- CMA data for bank loans
Audit
Cost Records and Cost Audit (Section 148)
Manufacturing and regulated sectors above prescribed limits
Section 148 of the Companies Act requires specified industries above prescribed turnover limits to maintain cost records in CRA-1 format and have them audited. That audit must be conducted by a Cost and Management Accountant, so this is work our own CMA signs rather than refers out. We set up the costing system, maintain the records through the year and file CRA-3 and CRA-4.
₹39,999₹24,999+ 18% GST
15 to 25 business days Reviewed by CMA Sahil
Online payment and dashboard tracking arrive with the client portal. Until then we confirm the order on WhatsApp and send a GST invoice.
Your next deadlines
LIVE- Signed by the professional the law requires
- Working papers prepared in-house
- Filed before the due date
- GST, TDS and 26AS reconciled
What is included
- Applicability check for your industry and turnover
- Cost records set up in CRA-1 format
- Cost audit and CRA-3 report signed by our CMA
- CRA-4 filing with the Registrar
- Product-wise cost sheets reconciled with the financials
Documents we need
- 1Production and consumption data
- 2Bill of materials and process flow
- 3Financial statements and trial balance
- 4Utility, labour and overhead records
- 5Previous year cost audit report if any
Missing something? Start anyway. Your expert tells you exactly what is needed and what can be downloaded with your consent.
Simple process
How cost records and cost audit (section 148) works
Scope and quote
Share turnover, entity type and last year's financials. We confirm which audits apply and quote a fixed fee.
Within 1 working day
Books and schedules
We compile or review the books, prepare the annexures and reconcile GST, TDS and 26AS with the accounts.
5 to 15 business days
Report signed and filed
The empanelled Chartered Accountant or Cost Accountant reviews, signs and uploads the report before the due date.
Before the statutory due date
Your expert
Prepared and reviewed by a qualified professional
Other audit plans
Tax Audit under Section 44AB
Business turnover above ₹1 crore, or profession above ₹50 lakh
₹19,999₹14,999+ 18% GST
10 to 15 business days
Statutory Audit (Companies Act)
Private Limited, OPC and LLPs crossing audit limits
Quoted after scope reviewfrom ₹24,999
15 to 25 business days
Internal Audit
Growing businesses and companies covered by section 138
Quoted after scope reviewfrom ₹34,999
Per quarter, on an agreed calendar
FAQ about cost records and cost audit (section 148)
Who can sign a cost audit report?
Only a Cost and Management Accountant in practice. A Chartered Accountant cannot sign a cost audit report under section 148, just as a CMA cannot sign a tax audit report under section 44AB.
Which companies need a cost audit?
Companies in the regulated and non-regulated sectors listed in the Companies (Cost Records and Audit) Rules, such as pharmaceuticals, fertilisers, steel, cement, electricity, sugar and machinery, once turnover crosses the prescribed limits. We check applicability free of charge.
Who is required to get a tax audit under section 44AB?
A business with turnover above ₹1 crore, raised to ₹10 crore when at least 95% of receipts and payments are digital, and a profession with gross receipts above ₹50 lakh (₹75 lakh with 95% digital). It also applies if you declare profit below the presumptive rate under 44AD or 44ADA after having opted in.
What is the tax audit due date for FY 2025-26?
The audit report in Form 3CA or 3CB with 3CD is due by 30 September 2026 and the return by 31 October 2026. Late filing of the report attracts a penalty under section 271B of 0.5% of turnover, capped at ₹1,50,000.
Can a Cost and Management Accountant sign a tax audit report?
No. Section 44AB reserves the tax audit report for a Chartered Accountant. Our CMA team prepares the books, schedules and 3CD annexures, and an empanelled Chartered Accountant reviews and signs the report. We name that professional on your order.
What is a cost audit and who signs it?
A cost audit under section 148 of the Companies Act examines cost records for specified industries above prescribed turnover limits. It must be conducted by a Cost and Management Accountant, not a Chartered Accountant, and is filed in Form CRA-3 and CRA-4.
Ready to start cost records and cost audit (section 148)?
Message us on WhatsApp with the service name, or request a callback. We confirm the price, list the documents and get going the same day.
- Callback within 2 working hours
- Fixed price quoted before any work
- Every return reviewed by a CMA or CA