XBRL filing
XBRL filing is applicable on following business entity-
-All India listed company and their Indian subsidiaries.
-All companies with paid up capital of Rs. 5 Cr. or above
-All companies with turnover of Rs. 100 Cr. or above
-All companies which are covered under (Extensible business reporting language) Rules, 2011.
Companies in Banking, Insurance, Power Industries and NBFCs are exempted from XBRL Filing
Who can benefit from using XBRL?
All type of companies can use XBRL Tool to automate the data collection process and distribution to various stakeholders. User can be benefitted in saving costs and in improvement in efficiency in managing business technical information. And XBRL is being extensible and flexible.
Cost XBRL Filing is applicable to following business entities : Companies covered under these companies ( Cost Records and Audit) Rules, 2014 shall, within a period of 30 days from the date of receipt cost audit report, submit such report along with full information and and explanation of every qualification or reservation contained therein to the Central Government in the form of CRA-4
FAQ
-Profit and Loss Account
-Notice of AGM, Companies Director’s Report and Auditor’s Report
-Details of Shareholding of the company for filing E form MGT-7
-Details of Shareholders
Documents required for Filig Cost audit report through XBRL:-
-Cost audit report in form CRA-3
-Challan of CRA-2 filed for appointment of cost auditor
-All companies listed in India and their Indian Subsidiaries
-All companies having paid up capital of Rs. 5 Cr and above
-All companies having a turnover of Rs 100 Cr. and above
However Banking Companies, Insurance Companies, and Non banking Financial companies are exempted from XBRL Filing