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About

Welcome to NB Koteswara Rao & Co., ! A Cost Accountant Firm in Hyderabad. The firm is providing professional services in the various areas, namely Cost Accounting Records – maintenance of cost accounting records, Cost Auditing, Cost Compliance Report, Cost Certification Services, Cost Sheets preparation, Product Cost Determination, Installation and designing of costing system, CAS-4 certifications, Statuory Compliance etc.
The firm’s professional cost accountants and its associates with their expertise determine the component/product wise costing profit & loss Accounts, maintain Cost Accounting Records as per section 209(1)d, conduct Cost Audit as per section 233, do other Certification work required and help in sale price determination, product mix decision, cost reduction and its control & total cost Management. Excise Audit as Under the Provisions of Section 14A & 14AA of the Central Excise Act 1944, Company Law & LLP Matter, Inventory & Stock Audit etc.

Our Services

Cost Audit

Applicability of Cost Audit:
 (1) Every Regulated Sector company shall get its cost records audited if the overall annual turnover of the company from all its products and services during the immediately preceding financial year is rupees fifty crore (50 cr.)or more and the aggregate turnover of the individual product or products or service or services for which cost records are required to be maintained is rupees twenty five crore (25 cr.) or more.

(2) Every Non-Regulated company specified shall get its cost records audited if the overall annual turnover of the company from all its products and services during the immediately preceding financial year is rupees one hundred crore (100 cr.)or more and the aggregate turnover of the individual product or products or service or services for which cost records are required to be maintained is rupees thirty five crore (35 cr.)or more.

(3) The requirement for cost audit under these rules shall not apply to a company of Regulated and Non-Regulated Sector, and –
(i) Whose revenue from exports, in foreign exchange, exceeds seventy five per cent of its total revenue; or
(ii) Which is operating from a special economic zone

Maintenance of Cost Accounting Records:

For the purposes of sub-section (1) of Section 148 of the Act, the class of Companies, including foreign companies defined in clause (42) of Section 2 of the Act, engaged in the production of the goods or providing services, specified in the Table below, having an overall turnover from all its products and services of rupees thirty five crore or more during the immediately preceding financial year, shall include cost records for such products or services in their books of account.

Registrations

We offer Registration of Companies (Private & Public), GST Registration ESI, EPF, Firms, Trusts, Associations FSSAI, Trade Licenses, Contract Licenses with ENC

Stock Audit U/s 142(2A) of Income tax Act 1961:

We offer stock audit in comply with Income tax Provisions of Section 142(2A)

ESI & EPF Return fillings:

We offer Monthly returns payments of dues and Appeal with the ESI and EPF Departments

Business Taxation

a. Income Tax Returns,Assessments & Appeals: Assist in Preparation Corporate Annual Income Tax Returns and Monthly payments of TDS under Income tax Act and ITR fillings and Appeals and Assessments with the Income tax Department
b. GST Returns and Assessments & Appeals: We offer GST services like registrations under GST (Composition, TDS/TCS Registrations) E-waybills and Invoices, e-invoice Preparations and Monthly fillings, Annual fillings of GST returns Assessments and Appels under GST Act

Appeal & Assessment

We offers Appeals & Assessment under GST and Income tax with the department

Forensic Audits

We offer forensic Audit services for the clients who want to find out frauds in their organizations

Corporate Financing

We offer Corporate financing Services and Project Financing Services, Individual Loans etc

Stock Audits

we offer stock audits and certifications services

Advisory Services

we offer advisory service in the area of Tax Planning Income tax and GST, Management Services, Internal Audit, Commercial Arbitration Maters

Contact Details

Get in Touch

CMA Bala Koteswara Rao N, Propreitor,
(B.Com, ACMA, MICA, DFA, IRP)

Contact

Mobile: +91-8084874848
Mobile: +91-9848398860

E-mail

Balakoti.kiran@gmail.com

Our Address

Flat No.501, Chayamina Enclave, AS Raju Nagar Colony Kuaktpalli, Medchal Malkajgiri , Hyderabad, Telangana-500072

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Cost accounting focuses on internal cost structures, helping businesses understand and manage costs for decision-making. It differs from financial accounting, which primarily deals with external reporting to stakeholders.
Cost auditing involves a detailed examination of cost data to assess its accuracy and efficiency. By identifying areas of waste or inefficiency, organizations can implement strategies to reduce costs and improve profitability.
Standard costing involves setting predetermined costs for materials, labor, and overheads. Variance analysis compares actual costs with standard costs to identify deviations and their causes, helping management control costs effectively.
Challenges may include resistance to change, lack of accurate data, and complexity in implementation. Overcoming these challenges requires strong leadership support, proper training, and continuous improvement efforts.
Cost accounting provides valuable insights into product costs, pricing strategies, and profitability analysis, helping management make informed decisions regarding production, pricing, and resource allocation.

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