Cost Records Maintenance (CRA-1)
Maintaining cost records for notified products
- 1DesignCost centres and allocation bases.
- 2RecordCosts captured regularly.
- 3ReconcileMatched with financial books.
Share your details. We’ll reply on WhatsApp with the next steps and a checklist.
Pick a plan — the fee is adjusted if you hire us within 30 days.
About Cost Records Maintenance (CRA-1)
A clear overview, in simple terms — what it is, why it matters, and how we handle it.
Companies in notified sectors with overall turnover of ₹35 crore or more in the previous year must maintain cost records in Form CRA-1 — capturing material, employee costs, utilities, overheads and production for each covered product, reconciled with the financial accounts. The records must be kept on a regular basis, not compiled at year-end, and preserved for eight years.
Well-kept cost records double as a management tool: product-level profitability, cost per unit and variance tracking.
We design the cost accounting framework, maintain records monthly or quarterly, and reconcile them with the books.
| Threshold | ₹35 crore turnover in notified sectors |
|---|---|
| Form | CRA-1 |
| Reconciliation | With financial accounts |
| Retention | 8 years |
Work that the law requires a practising Cost Accountant to sign or represent is delivered through Indus Tax's partner professionals; our team prepares the records, coordinates the filing and stays your single point of contact.
Who this is for
Common scenarios where this service is a good fit.
- Manufacturers in notified sectors
- Companies preparing for cost audit
- Businesses wanting product costing
What you get
Clear deliverables so you know exactly what's included.
- Framework design
- Periodic record maintenance
- Reconciliations
Expert review before every submission — not just data entry.
Working notes and reconciliations you can rely on in future notices.
Resident Indians, NRIs, expats and cross-border businesses — all served.
Documents required
A practical checklist. We'll tell you if anything else is needed based on your case.
* This is a base checklist. After a quick pre-check, we may ask for additional items specific to your case.
Process
A simple, trackable workflow — designed to avoid back-and-forth.
Cost centres and allocation bases.
Costs captured regularly.
Matched with financial books.
Get a quote
We share a clear quote on WhatsApp after a quick checklist pre-check.
- Fixed quote on WhatsApp after a short look at your facts and documents.
- Work that legally needs a practising Cost Accountant is signed by a partner professional; we coordinate it end to end.
- Government fees, if any, are paid at actuals and shown separately.
| Factor | DIY | Indus Tax |
|---|---|---|
| Expert review | ❌ | ✅ |
| Notice risk reduction | ❌ | ✅ |
| Deduction optimisation | ❌ | ✅ |
| Audit-ready records | ❌ | ✅ |
| AIS/26AS reconciliation | ❌ | ✅ |
Share your facts and deadline. We'll reply with the right checklist and a clear quote.
Fee adjusted against our service fee if you go ahead within 30 days.
- Priority CA Call-backSkip the queue — a CA calls you within 30 minutes.₹255
- RecommendedCA Consultation (30 min)Talk one matter through properly with a CA.₹755
- In-depth CA Review (60 min)Documents reviewed before the call, written action plan after.₹1,155
Call-backs run Mon–Sat, 9 AM–6 PM IST. Booked outside these hours? We call you first thing the next working morning.
Compare the 3 plansFrequently asked questions
Answers to the most common questions we get.
Official sources
Indus Tax is a private professional services firm and is not affiliated with any government authority. Rules and fees change — we confirm current positions before filing.
