Guide on Ind AS 105, Non-current Assets Held for Sale
Ind AS 105, Non-current Assets Held for Sale and Discontinued Operations The objective of this Standard is to specify the accounting for assets held for sale, and the presentation and…
Ind AS 105, Non-current Assets Held for Sale and Discontinued Operations The objective of this Standard is to specify the accounting for assets held for sale, and the presentation and…
Payment on transfer of certain immovable property other than agricultural land [Section 194-IA] Applicability and Rate Every transferee responsible for paying any sum as consideration for transfer of immovable property…
Ind AS 104, Insurance Contracts The objective of this Standard is to specify the financial reporting for insurance contracts by any entity that issues such contracts (described as an insurer).…
AS 3, Cash Flow Statements The Standard deals with the provision of information about the historical changes in cash and cash equivalents of an enterprise by means of a Cash…
Ind AS 103, Business Combinations Ind AS 103 must be applied when accounting for business combinations but does not apply to (1) formation of a joint venture; (2) The acquisition…
AS 2, Valuation of Inventories This Standard deals with the determination of value at which inventories are carried in the financial statements, including the ascertainment of cost of inventories and…
AS 1, Disclosure of Accounting Policies This Standard deals with the disclosure of significant accounting policies which are followed in preparing and presenting financial statements. Disclosure of Accounting Policies All…
Ind AS 102, Share-based Payment The objective of this Standard is to specify the financial reporting by an entity when it undertakes a share-based payment transaction. In particular, it requires…
Ind AS 101, First-time Adoption of Indian Accounting Standards Ind AS 101 prescribes the accounting principles for first-time adoption of Indian Accounting Standards (Ind AS). It lays down various ‘transition’…
Health care services by a clinical establishment, an authorised medical practitioner or para-medics are exempt from GST. The term ‘health care services’ is defined as follows: Health care services means…
Services provided by an entity registered under section 12AA of the Income-tax Act, 1961 by way of charitable activities are exempt from GST. Thus, in order to claim exemption, following…
RENTING OF PRECINCTS OF RELIGIOUS PLACE MEANT FOR GENERAL PUBLIC Entry 13(b) of the Notification No.2/2017 Central Tax (Rate) dated 28.06.2017 exempts renting of precincts of a religious place meant…