General Circular No. 18/2012, Dated the July 26, 2012
Subject: Filing of Cost Audit Report and Compliance Report in the eXtensible Business Reporting Language (XBRL) mode.
Vide
MCA’s General Circular No. 8/2012 dated 10th May, 2012 [as amended on
29th 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.
(B.B.Goyal)
Adviser (Cost)
Tel: 011-24366005
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