Pharmaceuticals
Batch costing, cost audit, inventory control and price-regulation cost data for pharmaceutical units.
Pharmaceutical manufacturers deal with batch production, short shelf lives, regulated prices for scheduled formulations and quality-driven rejections. Cost data is needed for internal control and, in some cases, for regulatory submissions.
Typical requirements
Costing
- Batch costing and yield analysis
- Cost of quality and rejections
- Formulation-wise profitability
Statutory
- Cost records and cost audit for covered products
- Near-expiry and expired stock treatment
Tax
- GST on free samples and schemes
- Export refunds
Relevant services
Cost Audit
Statutory cost audit under section 148 of the Companies Act, 2013 and the Companies (Cost Records and Audit) Rules, 2014.
Cost Record Maintenance
Design and maintenance of cost accounting records in Form CRA-1 for companies covered by Rule 3 of the Cost Records and Audit Rules.
Product Costing
Unit-level product cost computation for pricing, quotations, margin analysis and inventory valuation.
Stock & Inventory Audit
Physical verification and valuation of inventory for management or for banks under working capital arrangements.
GST Refunds
Refunds of accumulated credit on exports and inverted duty structure, and of excess cash balance.