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Ind AS Technical Facilitation Group (ITFG)

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Ministry of Corporate Affairs (MCA) has notified IFRS-converged Indian Accounting Standards (Ind AS) and the roadmaps for the applicability of Ind AS for corporate, banks, Insurance companies and Non-banking Financial Companies. As per the roadmap, Ind AS are applicable to certain companies from 1st April, 2016 on mandatory basis. Following which, various issues related to the applicability of Ind AS/implementation under Companies (Indian Accounting Standards) Rules, 2015, are being raised by preparers, users and other stakeholders. An Ind AS Technical Facilitation Group (ITFG) has been constituted to address various issues concerning transition and implementation of Ind AS.

Various issues referred to the group shall be addressed as follows:

  • Issues which are matter of clarifications on the application/implementation of Ind AS
    The Group may directly provide the related clarification to the issues referred to it

  • Issues pertaining to interpretation of Ind AS
    Interpretational issues with regard to Ind ASs requiring in-depth study and, thereafter, issuance of guidance or educational material may be referred by the Group to the concerned Board/Committee of the ICAI.

The Group hereby invites issues pertaining to Ind AS transition and implementation as well as the roadmap from preparers, users and other stakeholders. Further, the queriest may also at his option furnish the suggested response for the issues. The views expressed by the members in respect of issues raised will also be welcome and highly appreciated. Accordingly, the queries, issues, views, may be submitted through e-mail at

The clarifications bulletins issued by ITFG so far can be accessed on the below mentioned links:

Clarification given or a view expressed by the ITFG represents the view of the members of the Group and are not necessarily the views of the Ind AS Implementation Committee or the Council of the Institute of Chartered Accountants of India (ICAI). The clarifications/views are based on the accounting principles as on the date the Group finalises the particular clarification. The date of finalisation of each clarification will be indicated along with the clarification. The clarification must, therefore, be read in the light of any amendments and/or other developments subsequent to the issuance of clarifications by the Group.

Last updated on 26th October, 2019
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