In view of the extraordinary disruptions caused by Covid-19 pandemic, Ministry of Corporate Affairs (MCA), vide a circular dated 10 September 2020 has extended last date of filing for CRA-4 (Form for filing cost audit report) for FY 2019-20.
MCA has decided that if the cost audit report for FY 2019-20 is submitted by cost auditors to the Board of Directors of the company by 30th November 2020, then the same shall not be viewed as violation of rule 6(5) of the Companies (Cost records and audit) Rules 2014. Consequently, the cost audit report for FY 2019-20 shall be filed within 30 days from the receipt of cost audit report by the company in e-form CRA-4.
As per Rule 6(5) of the Companies (Cost records and audit) Rules 2014, Every cost auditor is required to forward his report to the Board of Directors of the company within a period of one hundred and eighty days from the closure of the financial year to which the report relates and as per Rule 6(6), Company is required to fill form CRA-4 within 30 days of receipt of cost audit report.
However, in case a company has availed extension of time for holding AGM, then e-form CRA-4 may be filed within the time limit provided under the proviso to rule 6(6) of the Companies (Cost records and Audit) Rules, 2014
Source: MCA-General Circular No.-29/2020