Revised Criteria for classification of Non-company entities for applicability of Accounting Standards

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Last updated: 09 July 2025
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This document outlines the revised criteria for classifying non-company entities for the applicability of accounting standards, effective from April 1, 2024. It categorises entities into Micro, Small and Medium Sized Entities (MSMEs) and Large entities, detailing specific thresholds for turnover and borrowings. The document also specifies exemptions and relaxations available to MSMEs, making it essential reading for accountants and businesses needing to understand their reporting obligations.

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Revised Criteria for classification of Non-company entities for applicability of Accounting Standards #pdf
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Submitted by · Posted 09 July 2025 · Other files by Shree · Report
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