LIVE GST Audit Course by CA Sachin Jain. Register Now!!

Revised scdedule iv

Prakash Mali (Artical Assistant) (166 Points)

16 May 2012

Is revised schedule IV are applicable for Power generating company?

I am preparing financial account of a company which have WIndmills in India. Can u help me to provide format for financial statement which will be applicable in above case?

Pls Opined on it.

Thanks in advance.

Reply
Follow
Share

3 Replies

CSAnkita Arora (Company Secretary) (65 Points)
Replied 17 May 2012

Hello Prakash!

It's schedule VI not IV. As it is revised and applicable to all those companies which are registered under Companies Act, 1956 and the format of march quarterly financial results are also revised you may get the format from SEBI website.

I hope it'll help you to understand!

1 Like

Prakash Mali (Artical Assistant) (166 Points)
Replied 17 May 2012

I want to check whether revised schedule VI applicable for Electricity generating company or not?

I have format of revised schedule VI which is prepared by myself only.

Can u please check and 2nd in new format where i should show - Prior period adjustments AS 5? (As earlier or any new treatment should be given?)

CSAnkita Arora (Company Secretary) (65 Points)
Replied 17 May 2012

Govt. vide notification no.F.No.2/6/2008-C.L-V dated 30.03.2011 the revised schedule applicable to all companies for FY- 1st April, 2011. The revised sch-VI do not apply to any insurance or banking company, or any company engaged in the generation or supply of electricity or to any other class of company for which a form of balance sheet and profit & loss A/c has been specified in or under any other Act governing such class of company.