https://www.taxtmi.com/notifications?id=125053 The amendment promulgates Ind AS 115, Revenue from Contracts with Customers, effective 1 April 2018, and makes consequential amendments across Ind AS 101, 103, 104, 107, 109, 112, 115 (inserted), 21 (Appendix B on foreign currency and advance consideration) and others. It establishes the five-step revenue recognition model, contract asset/liability presentation, treatment of variable consideration and significant financing components, aligns impairment and initial measurement rules (including trade receivables at transaction price and expected credit loss scope), and prescribes transition options and disclosure requirements. en-us Wed, 28 Mar 2018 00:00:00 +0530 Wed, 11 Feb 2026 15:57:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=125053 The amendment promulgates Ind AS 115, Revenue from Contracts with Customers, effective 1 April 2018, and makes consequential amendments across Ind AS 101, 103, 104, 107, 109, 112, 115 (inserted), 21 (Appendix B on foreign currency and advance consideration) and others. It establishes the five-step revenue recognition model, contract asset/liability presentation, treatment of variable consideration and significant financing components, aligns impairment and initial measurement rules (including trade receivables at transaction price and expected credit loss scope), and prescribes transition options and disclosure requirements. Notifications Companies Law Wed, 28 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/notifications?id=125053