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Understanding Cost Audit Applicability for MSMEs and Manufacturing Businesses
Cost records and cost audit are two separate obligations with two different thresholds — and the export exemption relieves you of one, not the other. A practical guide to Section 148 applicability: the Rule 3 and Rule 4 tests, who is genuinely exempt, the CRA forms, the September deadlines, and what non-compliance actually costs.
Dhananjay Jadhav
Aug 2514 min read
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