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<h1>Indian Accounting Standards Amended to Align with Ind AS 115; Changes Affect Revenue Recognition and Disclosure Rules.</h1> The Companies (Indian Accounting Standards) Amendment Rules, 2018, issued by the Ministry of Corporate Affairs, amends various Indian Accounting Standards (Ind AS) to align with Ind AS 115, Revenue from Contracts with Customers. Effective from April 1, 2018, these amendments impact standards including Ind AS 101, 103, 104, 107, 109, 112, and others, affecting areas such as financial instruments, leases, and service concession arrangements. The amendments involve changes to definitions, recognition, measurement, disclosure requirements, and transition provisions to ensure consistency with the principles of revenue recognition under Ind AS 115.