Accounting for MAT

MAT paid will not be charged to the profit and loss account instead shown as part of advance / self assessment tax paid in the provision in the balancesheet. You have to create a provision for tax liability be it for MAT or regular tax. MAT credit would be an off the book item which appears only in the incometax statements. Does the guidance note prescribe a treatment different from this?

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i want latest updation in accounting standards and accounting process for MAT calculation