List of Ind AS Notified by MCA – Indian Accounting Standards. Ministry of Corporate Affairs issued list of Indian Accounting Standards (IndAS), Here we are providing a complete list of IndAS notified by MCA. Indian Accounting Standards (abbreviated as Ind AS) are a set of accounting standards notified by the Ministry of Corporate Affairs which are converged with International Financial Reporting Standards (IFRS) (IND AS is notified by NACAS.
Ministry of Corporate Affairs has come out with the Roadmap for AS (Indian Accounting Standards) Implementation through Companies (Indian Accounting Standards) Rules, 2015. IndAS or Indian Accounting Standards govern the accounting and recording of financial transactions as well as the presentation of statements such as profit and loss account and balance sheet of a company.
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List of Ind AS Notified by MCA
| IND AS No | Description |
| Ind AS 101 | First-time Adoption of Indian Accounting Standards |
| Ind AS 102 | Share-based Payment |
| Ind AS 103 | Business Combinations |
| Ind AS 104 | Insurance Contracts |
| Ind AS 105 | Non-current Assets Held for Sale and Discontinued Operations |
| Ind AS 106 | Exploration for and Evaluation of Mineral Resources |
| Ind AS 107 | Financial Instruments: Disclosures |
| Ind AS 108 | Operating Segments |
| Ind AS 109 | Financial Instruments |
| Ind AS 110 | Consolidated Financial Statements |
| Ind AS 111 | Joint Arrangements |
| Ind AS 112 | Disclosure of Interests in Other Entities |
| Ind AS 113 | Fair Value Measurement |
| Ind AS 114 | Regulatory Deferral Accounts |
| Ind AS 115 | Revenue from Contracts with Customers |
| Ind AS 1 | Presentation of Financial Statements |
| Ind AS 2 | Inventories |
| Ind AS 7 | Statement of Cash Flows |
| IndAS 8 | Accounting Policies, Changes in Accounting Estimates and Errors |
| Ind AS 10 | Events after the Reporting Period |
| Ind AS 12 | Income Taxes |
| Ind AS 16 | Property, Plant and Equipment |
| Ind AS 116 | Leases |
| Ind AS 19 | Employee Benefits |
| Ind AS 20 | Accounting for Government Grants and Disclosure of Government Assistance |
| Ind AS 21 | The Effects of Changes in Foreign Exchange Rates |
| Ind AS 23 | Borrowing Costs |
| Ind AS 24 | Related Party Disclosures |
| Ind AS 27 | Separate Financial Statements |
| Ind AS 28 | Investments in Associates and Joint Ventures |
| Ind AS 29 | Financial Reporting in Hyperinflationary Economies |
| Ind AS 32 | Financial Instruments: Presentation |
| Ind AS 33 | Earnings per Share |
| Ind AS 34 | Interim Financial Reporting |
| Ind AS 36 | Impairment of Assets |
| Ind AS 37 | Provisions, Contingent Liabilities and Contingent Assets |
| Ind AS 38 | Intangible Assets |
| Ind AS 40 | Investment Property |
| Ind AS 41 | Agriculture |
What are Indian Accounting Standards (Ind AS)?
Indian Accounting Standards (Ind-AS) are the International Financial Reporting Standards (IFRS) converged standards issued by the Central Government of India under the supervision and control of Accounting Standards Board (ASB) of ICAI and in consultation with National Advisory Committee on Accounting Standards (NACAS).
ASB is a committee under Institute of Chartered Accountants of India (ICAI) which consists of representatives from government department, academicians, other professional bodies viz. icsi, icai, representatives from ASSOCHAM, CII, FICCI, etc. National Advisory Committee on Accounting Standards (NACAS) recommend these standards to the Ministry of Corporate Affairs (MCA). MCA has to spell out the accounting standards applicable for companies in India.
The Ind AS are named and numbered in the same way as the corresponding International Financial Reporting Standards (IFRS).
List of Ind AS vis-a-vis IFRS and AS
| IND AS No | Description | AS | Title |
| Ind AS 101 | First-time Adoption of Indian Accounting Standards | | |
| Ind AS 102 | Share-based Payment | | |
| Ind AS 103 | Business Combinations | AS 14 | Accounting for Amalgamations |
| Ind AS 104 | Insurance Contracts | | |
| Ind AS 105 | Non-current Assets Held for Sale and Discontinued Operations | AS 24 | Discontinuing Operations |
| Ind AS 106 | Exploration for and Evaluation of Mineral Resources | GN 15 | 5 Guidance Note on Accounting for Oil and Gas Producing Activities |
| Ind AS 107 | Financial Instruments: Disclosures | AS 32 | Financial Instruments: Disclosures |
| Ind AS 108 | Operating Segments | AS 17 | Segment Reporting |
| Ind AS 109 | Financial Instruments | AS 30 | Financial Instruments: Recognition and Measurement |
| Ind AS 110 | Consolidated Financial Statements | AS 21 | Consolidated Financial Statements |
| Ind AS 111 | Joint Arrangements | AS 27 | Financial Reporting of Interests in Joint Ventures |
| Ind AS 112 | Disclosure of Interests in Other Entities | | |
| Ind AS 113 | Fair Value Measurement | | |
| Ind AS 114 | Regulatory Deferral Accounts | | |
| Ind AS 115 | Revenue from Contracts with Customers | AS 7, AS 9 | Construction Contract, Revenue Recognition |
| Ind AS 116 | Leases | AS 19 | Leases |
| Ind AS 1 | Presentation of Financial Statements | AS 1 | Disclosure of Accounting Policies |
| Ind AS 2 | Inventories | AS 2 | Valuation of Inventories |
| Ind AS 7 | Statement of Cash Flows | AS 3 | Cash Flow Statements |
| IndAS 8 | Accounting Policies, Changes in Accounting Estimates and Errors | AS 5 | Net Profit or Loss for the Period, Prior period Items and Changes in Accounting Policies |
| Ind AS 10 | Events after the Reporting Period | AS 4 | Contingencies and Events Occurring After the Balance Sheet date |
| Ind AS 12 | Income Taxes | AS 22 | Accounting for Taxes on Income |
| Ind AS 16 | Property, Plant and Equipment | AS 10 | Property, Plant and Equipment |
| Ind AS 19 | Employee Benefits | AS 15 | Employee Benefits |
| Ind AS 20 | Accounting for Government Grants and Disclosure of Government Assistance | AS 12 | Accounting for Government Grants |
| Ind AS 21 | The Effects of Changes in Foreign Exchange Rates | AS 11 | The Effects of Changes in Foreign Exchange Rates |
| Ind AS 23 | Borrowing Costs | AS 16 | Borrowing Costs |
| Ind AS 24 | Related Party Disclosures | AS 18 | Related Party Disclosures |
| Ind AS 27 | Separate Financial Statements | | |
| Ind AS 28 | Investments in Associates and Joint Ventures | AS 23 | Accounting for Investment in Associates in Consolidated Financial Statements |
| Ind AS 29 | Financial Reporting in Hyperinflationary Economies | | |
| Ind AS 32 | Financial Instruments: Presentation | | |
| Ind AS 33 | Earnings per Share | AS 20 | Earnings per Share |
| Ind AS 34 | Interim Financial Reporting | AS 25 | Interim Financial Reporting |
| Ind AS 36 | Impairment of Assets | AS 28 | Impairment of Assets |
| Ind AS 37 | Provisions, Contingent Liabilities and Contingent Assets | AS 29 | Provisions, Contingent Liabilities and Contingent Assets |
| Ind AS 38 | Intangible Assets | AS 26 | Intangible Assets |
| Ind AS 40 | Investment Property | AS 13 | Accounting for Investments |
| Ind AS 41 | Agriculture | | |
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