Ind AS · reference
Complete list of Ind AS, in plain language.
Every major Indian Accounting Standard, what it actually covers, and where it sits in the applicability roadmap — a working reference for practising CAs, articled assistants and CA-Final students.
- Reviewed July 2026
- 7 min read
- CA Anil Agarwal & the TatvaBooks team
What are Ind AS?
Ind AS (Indian Accounting Standards) are India's converged version of IFRS (International Financial Reporting Standards), notified by the Ministry of Corporate Affairs (MCA) under Section 133 of the Companies Act, 2013 through the Companies (Indian Accounting Standards) Rules, 2015. They apply to listed companies and companies crossing specified net worth/turnover thresholds — rolled out in phases rather than to every company at once. Companies not covered by the Ind AS roadmap continue to follow the older AS (Accounting Standards) framework instead.
Ind AS numbering deliberately tracks the corresponding IFRS/IAS number wherever possible — which is exactly why the sequence has gaps. Ind AS 3, 4, 5, 6, 9, 11, 13, 14, 15, 17, 18, 22, 25, 26, 29, 30, 31 and 39 either were never notified, were withdrawn, or were superseded by a later, renumbered standard (for example, the old lease and revenue standards were replaced by Ind AS 116 and Ind AS 115). A "complete list running 1 to 116" does not exist as a continuous sequence — that's normal, not a mistake in your notes.
The major Ind AS — what each one covers
This is a working list of the standards a practitioner uses most, grouped loosely by subject rather than strictly by number. It is not the official or exhaustive ICAI/MCA numbering — always cross-check the current list and text on the MCA portal or ICAI's Ind AS resources before citing a standard in professional work.
| Standard | Name | What it covers |
|---|---|---|
| Ind AS 1 | Presentation of Financial Statements | Structure of the balance sheet, statement of profit & loss, and disclosure of accounting policies. |
| Ind AS 2 | Inventories | Cost formulas (FIFO/weighted average), net realisable value, and write-downs. |
| Ind AS 7 | Statement of Cash Flows | Operating, investing and financing cash flow classification and the indirect method. |
| Ind AS 8 | Accounting Policies, Changes in Accounting Estimates and Errors | When you can change a policy, and how to correct prior-period errors. |
| Ind AS 10 | Events after the Reporting Period | Adjusting vs non-adjusting events between year-end and approval of accounts. |
| Ind AS 12 | Income Taxes | Current tax plus deferred tax assets/liabilities from temporary differences. |
| Ind AS 16 | Property, Plant and Equipment | Recognition, depreciation methods, componentisation, and revaluation. |
| Ind AS 19 | Employee Benefits | Short-term benefits, gratuity/leave encashment actuarial valuation, and defined benefit plans. |
| Ind AS 20 | Government Grants and Disclosure of Government Assistance | Recognition of grants related to assets and to income. |
| Ind AS 21 | The Effects of Changes in Foreign Exchange Rates | Functional currency, translation of foreign transactions and monetary items. |
| Ind AS 23 | Borrowing Costs | Capitalisation of borrowing costs on qualifying assets. |
| Ind AS 24 | Related Party Disclosures | Identifying related parties and disclosing related-party transactions. |
| Ind AS 27 | Separate Financial Statements | Accounting for investments in subsidiaries/associates/JVs in standalone financials. |
| Ind AS 28 | Investments in Associates and Joint Ventures | The equity method of accounting. |
| Ind AS 32 | Financial Instruments: Presentation | Classifying an instrument as a liability or equity; offsetting rules. |
| Ind AS 33 | Earnings per Share | Basic and diluted EPS computation. |
| Ind AS 34 | Interim Financial Reporting | Minimum content and recognition principles for interim (e.g. quarterly) statements. |
| Ind AS 36 | Impairment of Assets | Recoverable amount, cash-generating units, and impairment loss/reversal. |
| Ind AS 37 | Provisions, Contingent Liabilities and Contingent Assets | When a provision must be recognised vs merely disclosed. |
| Ind AS 38 | Intangible Assets | Recognition criteria, research vs development costs, amortisation. |
| Ind AS 40 | Investment Property | Cost vs fair value model for property held to earn rentals or for capital appreciation. |
| Ind AS 41 | Agriculture | Biological assets and agricultural produce at fair value less costs to sell. |
| Ind AS 101 | First-time Adoption of Indian Accounting Standards | Transition rules and exemptions the first time a company reports under Ind AS. |
| Ind AS 102 | Share-based Payment | ESOP and other equity-settled/cash-settled payment expense recognition. |
| Ind AS 103 | Business Combinations | Acquisition method, goodwill, and purchase price allocation. |
| Ind AS 105 | Non-current Assets Held for Sale and Discontinued Operations | Classification, measurement and presentation of assets held for sale. |
| Ind AS 108 | Operating Segments | Identifying and disclosing reportable business segments. |
| Ind AS 109 | Financial Instruments | Classification, measurement, expected credit loss (ECL) impairment, and hedge accounting. |
| Ind AS 110 | Consolidated Financial Statements | Control-based consolidation of subsidiaries. |
| Ind AS 111 | Joint Arrangements | Distinguishing joint operations from joint ventures. |
| Ind AS 112 | Disclosure of Interests in Other Entities | Disclosures for subsidiaries, JVs, associates and unconsolidated structured entities. |
| Ind AS 113 | Fair Value Measurement | The fair value hierarchy (Level 1/2/3) and valuation techniques. |
| Ind AS 115 | Revenue from Contracts with Customers | The five-step revenue recognition model. |
| Ind AS 116 | Leases | Single lessee accounting model — right-of-use asset and lease liability on the balance sheet. |
This table is a practitioner's reference, not the authoritative source. It may omit amendments, newly notified standards, or withdrawn ones — verify the current, complete list on MCA/ICAI before relying on it for a filing, opinion or exam answer.
Applicability — who has to follow Ind AS, and when
MCA rolled out Ind AS in phases, broadly by listing status and net worth, with banks, NBFCs and insurance companies brought in on a separate, later phased timeline given sector-specific regulatory oversight (RBI/IRDAI). Once a company (or its holding, subsidiary, joint venture or associate) becomes Ind AS-applicable, it generally continues to apply Ind AS even if it later falls below the threshold.
Because the exact net worth and turnover thresholds, phase dates, and sector carve-outs have been notified and amended over several years, do not rely on a specific threshold figure from memory — verify current applicability for a given company on the MCA portal or against the applicable Ind AS Rules amendment before advising a client or answering an exam question.
Practical notes for a practising CA
- Don't assume AS and Ind AS numbers line up. Ind AS 2 (Inventories) broadly parallels AS 2, but Ind AS 115 (Revenue) is a completely different model from AS 9 — five-step recognition, not just risk-and-reward transfer.
- First-time adoption is its own exercise. Ind AS 101 governs the transition year — opening balance sheet adjustments, mandatory and optional exemptions, and reconciliation of previous GAAP equity/profit to Ind AS equity/profit are commonly tested and commonly missed in practice.
- Fair value and ECL are the biggest mindset shifts. Ind AS 113 (fair value) and Ind AS 109 (expected credit loss impairment, replacing the old "incurred loss" model) change how you think about measurement, not just disclosure — build this into audit planning, not just year-end adjustment.
- Leases moved onto the balance sheet. Ind AS 116 removed the old operating-lease-off-balance-sheet treatment for lessees — almost every company with rented premises or equipment now recognises a right-of-use asset and a lease liability.
- Consolidation standards work together. Ind AS 110 (control), Ind AS 111 (joint arrangements) and Ind AS 112 (disclosure) are usually applied as a set — read them together, not standard-by-standard, when scoping a group's consolidated financial statements.
Where TatvaBooks fits
TatvaBooks keeps your day-to-day books GST-correct and Schedule III-ready, so the accounting data feeding into Ind AS-compliant financial statements — revenue, inventory, fixed assets, receivables — starts clean rather than needing reclassification at year-end. For companies and CA firms working under the Ind AS framework, that means less time spent tracing entries back to source and more time on judgement areas like fair value, ECL and consolidation. See what's built for practising CAs on the for Chartered Accountants page, or view pricing.
Frequently asked questions
What is the complete list of Ind AS?
How is Ind AS different from AS (Accounting Standards)?
Which companies must apply Ind AS in India?
Is Ind AS 115 the same as ASC 606 (US GAAP)?
Where can I find the official, authoritative Ind AS list?
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