Changes 2024 Schedule III of Companies Act 2013 by CA Sanjay Goel
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3 ماه پیش
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I am CS K K
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1. Where compliance with the requirements of the Act including Accounting Standards as applicable to the companies require any change in treatment or disclosure including addition, amendment, substitution or deletion in the head or sub-head or any changes, inter se, in the financial statements or statements forming part thereof, the same shall be made and the requirements of this Schedule shall stand modified accordingly.
2. The disclosure requirements specified in this Schedule are in addition to and not in substitution of the disclosure requirements specified in the Accounting Standards prescribed under the Companies Act, 2013. Additional disclosures specified in the Accounting Standards shall be made in the notes to accounts or by way of additional statement unless required to be disclosed on the face of the Financial Statements. Similarly, all other disclosures as required by the Companies Act shall be made in the notes to accounts in addition to the requirements set out in this Schedule.
3. (i) Notes to accounts shall contain information in addition to that presented in the Financial Statements and shall provide where required (a) narrative descriptions or disaggregations of items recognised in those statements; and (b) information about items that do not qualify for recognition in those statements.
(ii) Each item on the face of the Balance Sheet and Statement of Profit and Loss shall be cross-referenced to any related information in the notes to accounts. In preparing the Financial Statements including the notes to accounts, a balance shall be maintained between providing excessive detail that may not assist users of financial statements and not providing important information as a result of too much aggregation
CS Kaushal Agrawal is a highly experienced practicing Company Secretary and GST consultant, trainer, speaker, and author with over two decades of industry expertise. His comprehensive knowledge base and skillset enable him to work on tax matters, tax strategy formulation, tax implementation, tax audits, and tax advisory. He also has extensive experience in handling tax notices and appeals.
He is a highly sought-after speaker and trainer. He has conducted seminars amongst chartered accountants and lawyers in numerous places, and he extends his heartfelt gratitude to all those who invited him, and for the positive feedback from participants for his practical and interactive presentation style.
He is a renowned author, with numerous works on taxation under his belt. Working with Puneet Agrawal, he co-authored the book Sabka Vishwas, published by Taxmann.
To broaden and share his expertise with GST professionals, he has launched a website, masterlearnings.com, where anyone can find all the vital information about GST. He has also created a YouTube channel, TaxByKK, to help GST practitioners further hone their GST knowledge.
He cordially invites all GST practitioners to join him for an informative and comprehensive exploration of GST, in discovering the intricacies of the GST structure and learn the very minute detail of GST.
👉 We proudly serve GST Practitioners through these GST products
1. Basic to Super Advanced GST Course for GST practitioners
2. Basic to Advanced GST refund and IGST live course on zoom
3. GST on Real Estate live course on zoom
4. Basic to advanced GST Course Live on zoom
5. Premium Life time GST Gold membership plan for GST Professionals
6. Basic to Advanced GST Law book
7. Handling GST Notices alongwith GST replies book
8. GST Excel Tool for apportionment of ITC as per Rule 42 and 43 of CGST Rules
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Join here https://taxbykk.com/gst-audit-by-sanj...
GST Expert | GST Consultant | Trainer | Speaker | Faculty
#CompaniesAct #FinancialReporting #ScheduleIII #BalanceSheet #ProfitAndLoss #CashFlowStatement #AccountingStandards #FinancialStatements #Compliance #DisclosureRequirements #CompaniesAct1956 #RegulatoryCompliance #FinancialReportingStandards #Audit #CorporateGovernance #BusinessCompliance #IndianCompaniesAct #FinancialCompliance #AccountingPrinciples #CorporateDisclosure #LegalCompliance #CorporateLaw
1. Where compliance with the requirements of the Act including Accounting Standards as applicable to the companies require any change in treatment or disclosure including addition, amendment, substitution or deletion in the head or sub-head or any changes, inter se, in the financial statements or statements forming part thereof, the same shall be made and the requirements of this Schedule shall stand modified accordingly.
2. The disclosure requirements specified in this Schedule are in addition to and not in substitution of the disclosure requirements specified in the Accounting Standards prescribed under the Companies Act, 2013. Additional disclosures specified in the Accounting Standards shall be made in the notes to accounts or by way of additional statement unless required to be disclosed on the face of the Financial Statements. Similarly, all other disclosures as required by the Companies Act shall be made in the notes to accounts in addition to the requirements set out in this Schedule.
3. (i) Notes to accounts shall contain information in addition to that presented in the Financial Statements and shall provide where required (a) narrative descriptions or disaggregations of items recognised in those statements; and (b) information about items that do not qualify for recognition in those statements.
(ii) Each item on the face of the Balance Sheet and Statement of Profit and Loss shall be cross-referenced to any related information in the notes to accounts. In preparing the Financial Statements including the notes to accounts, a balance shall be maintained between providing excessive detail that may not assist users of financial statements and not providing important information as a result of too much aggregation
CS Kaushal Agrawal is a highly experienced practicing Company Secretary and GST consultant, trainer, speaker, and author with over two decades of industry expertise. His comprehensive knowledge base and skillset enable him to work on tax matters, tax strategy formulation, tax implementation, tax audits, and tax advisory. He also has extensive experience in handling tax notices and appeals.
He is a highly sought-after speaker and trainer. He has conducted seminars amongst chartered accountants and lawyers in numerous places, and he extends his heartfelt gratitude to all those who invited him, and for the positive feedback from participants for his practical and interactive presentation style.
He is a renowned author, with numerous works on taxation under his belt. Working with Puneet Agrawal, he co-authored the book Sabka Vishwas, published by Taxmann.
To broaden and share his expertise with GST professionals, he has launched a website, masterlearnings.com, where anyone can find all the vital information about GST. He has also created a YouTube channel, TaxByKK, to help GST practitioners further hone their GST knowledge.
He cordially invites all GST practitioners to join him for an informative and comprehensive exploration of GST, in discovering the intricacies of the GST structure and learn the very minute detail of GST.
👉 We proudly serve GST Practitioners through these GST products
1. Basic to Super Advanced GST Course for GST practitioners
2. Basic to Advanced GST refund and IGST live course on zoom
3. GST on Real Estate live course on zoom
4. Basic to advanced GST Course Live on zoom
5. Premium Life time GST Gold membership plan for GST Professionals
6. Basic to Advanced GST Law book
7. Handling GST Notices alongwith GST replies book
8. GST Excel Tool for apportionment of ITC as per Rule 42 and 43 of CGST Rules
Enjoy & stay connected with us!
👉 Subscribe to Tax By KK: @gst_expert_kk
👉 Join Tax By KK to watch full Income Tax Courses: @gst_expert_kk
👉 Like us on Facebook: Facebook: taxbykkc
👉 Follow us on Twitter: Twitter: taxbykk
👉 Follow us on Instagram: Instagram: cs_kk_agrawal
👉 Connect us on LinkedIn: LinkedIn: gstexpertcskk
👉 Buy our GST Products: https://www.taxbykk.com/
👉 Visit to Enhance your GST Knowledge: https://masterlearnings.com/
👉 What's app us at: https://wa.me/919999227381
👉 Join our What's app community: https://chat.whatsapp.com/IFORZrWoHeP...
3 ماه پیش
در تاریخ 1403/02/08 منتشر شده
است.
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