Government of India
Ministry of Finance
Department of Expenditure
Chief Adviser Cost
For Hindi
Message from Chief Adviser(Cost) on ICoAS Day 2020 OM Extension of Timelines for submission of APAR for the year 2019-2020
WELCOME TO THE WEBSITE OF OFFICE OF CHIEF ADVISER COST
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Indian Cost Accounts Service
 
 
  • In 1978, Indian Cost Account Service (ICoAS) was constituted and recruitment rules were notified in 1982.

  • Only Accounting Service having professional Cost/Chartered Accountants.

  • Chief Adviser Cost is managing authority and central repository of the cadre.

  • 31 participating offices of various Ministries/Departments such as Economic Affairs, Revenue, Commerce, Company Affairs, Defence, Chemicals & Fertilizers, Industry, Agriculture, Consumer Affairs and PD, Supply National Pharmaceutical Pricing Authority, I&B etc.

 
Role
 
  Compliment the efforts of Central and State Governments/Departments:  
 
  • In optimum utilization of resources through allocation and monitoring of funds, cost control and cost reduction and efficency techniques.

  • To aid revenue authorities in transparent assessment of revenues and curb evasions and commercial frauds.

  • In fixation of reasonable prices of goods and services.

  • To protect industry, consumers and investors from unfair/restricted trade practices
    • Anti-dumping mechanism
    • Predatory pricing
    • Abuse of dominance

  • To provide advice on Cost and related Financial Management matters.