The Institute of Chartered Accountants of India
17th December, 2021
Exposure Draft of the Amendments in the Commercial & Industrial (C&I) Taxonomies- IND AS based Taxonomy & AS based Taxonomy
(Comments to be received by January 15, 2022)
Ministry of Corporate Affairs (MCA) has mandated the filing of financial statements in XBRL format for the specified class of companies for which the XBRL Taxonomies for Commercial and Industrial Sector- AS and Ind AS Based are already in place.
The Exposure Drafts of said amendments in AS Taxonomy and Ind AS Taxonomy have been finalised recently by the Taxonomy Development and Review Committee of XBRL India. XBRL India, ICAI, with the aim to provide an opportunity to the various stakeholders to raise their concerns at the Exposure draft stage itself so that these concerns are appropriately addressed, invites comments on the Exposure drafts issued by it.
The comments are invited on any aspects of the Exposure Draft. Comments are most helpful if it indicate proper reference to which it relate, contain a clear rationale and, where possible, provide a suggestion for alternative change. In addition to the comments on amendments in the Taxonomy, other suggestions for any inclusion/deletion of any element are also invited for overall improvement of the Taxonomy or any area where any difficulty is faced by the Companies while filing.