Cost Audit, Consulting & Tax Advisory Services

We are a firm of Cost Accountants based in Nagpur, practising since 1998. Our services include cost audit and regulatory reporting, cost consulting and strategic pricing, inventory valuation and stock audit, internal audit, accounting systems and MIS, GST and income tax advisory, VAT advisory for the UAE, and accounting outsourcing for international clients.

Under Section 148 of the Companies Act, 2013 and the Companies (Cost Records and Audit) Rules, 2014, companies in specified industries must maintain cost records if their turnover from all products and services was ₹35 crore or more in the preceding financial year. A cost audit is required for regulated sectors when overall turnover is ₹50 crore or more and the turnover of the individual product or service is ₹25 crore or more, and for non-regulated sectors when these figures are ₹100 crore and ₹35 crore. We review your products, sector and turnover to confirm exactly what applies to your company.

A cost audit under the Companies Act, 2013 can only be conducted by a Cost Accountant in practice. Deepak Khanuja & Associates is a registered firm of Cost Accountants (Firm Registration No. 100247), founded by CMA Deepak Khanuja, FCMA.

The company files Form CRA-2 to intimate the appointment of the cost auditor within 30 days of the board meeting at which the appointment is made, or within 180 days from the start of the financial year, whichever is earlier. The cost auditor submits the cost audit report in Form CRA-3 to the board within 180 days from the end of the financial year, and the company files it with the Central Government in Form CRA-4 within 30 days of receiving it. We track these timelines for our clients.

Yes. We support UAE and international clients with VAT registration and compliance, VAT impact assessment and filing support, cost structuring, financial reporting, and accounting outsourcing. Engagements are handled remotely through secure channels, structured deliverables and scheduled calls.

VAT registration is mandatory in the UAE when taxable supplies and imports exceed AED 375,000 in the previous 12 months, or are expected to exceed it in the next 30 days. Businesses above AED 187,500 can register voluntarily. The standard VAT rate is 5%. We assess your position and handle registration, returns and ongoing compliance.

Yes. Our remote advisory model includes virtual consultations, structured documentation and reporting, periodic cost reviews and compliance monitoring. It works across time zones, so clients in India, the UAE and other countries receive the same quality of service without an on-site visit.

We follow the professional ethics required of Cost Accountants and operate with strict confidentiality protocols. Client information is used only for the engagement it was shared for.

We work with power and energy, electricity and telecommunication, drugs and pharma, defence and ammunition, iron and steel, paper, base metals and chemicals, FMCG and dairy, infrastructure and highways, export-oriented units, and trading companies in India and the UAE.

Book a free consultation through the contact form, by phone or on WhatsApp. We respond within 24 hours, understand your requirements, and recommend the right approach for your business.