This appendix is not a part of the Indian Accounting Standard. The purpose of this appendix is only to bring out the major differences.....

This appendix is not a part of the Indian Accounting Standard. The purpose of this appendix is only to bring out the major differences..... https://www.taxtmi.com/acts?id=20803 Comparison highlights divergences where Ind AS 115: replaces certain IFRS terminology; omits IFRS 15 transitional provisions due to Ind AS 101; excludes 'penalties' from examples of variable consideration while adding specific guidance on penalties; requires separate presentation of excise duty in revenue; mandates reconciliation of revenue recognised with contracted price specifying each adjustment; and adds guidance on transfers of control when customers have an unconditional right of return. en-us Fri, 22 Apr 2016 22:58:19 +0530 Fri, 05 Apr 2019 13:19:43 +0530 TaxTMI RSS Generator This appendix is not a part of the Indian Accounting Standard. The purpose of this appendix is only to bring out the major differences..... https://www.taxtmi.com/acts?id=20803 Comparison highlights divergences where Ind AS 115: replaces certain IFRS terminology; omits IFRS 15 transitional provisions due to Ind AS 101; excludes 'penalties' from examples of variable consideration while adding specific guidance on penalties; requires separate presentation of excise duty in revenue; mandates reconciliation of revenue recognised with contracted price specifying each adjustment; and adds guidance on transfers of control when customers have an unconditional right of return. Act-Rules Companies Law Fri, 22 Apr 2016 22:58:19 +0530 https://www.taxtmi.com/acts?id=20803