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Industry wary of change in accounting year

Industry representatives told committee that they were already overburdened by recent reforms including GST

Pavan Burugula 

Industry players have expressed reservations to a proposal to change the accounting year from April-March to January-December. A central government-appointed committee held meetings with industry participants, which included representatives from corporate India, banks, rating agencies and consultancy firms, last week to gather feedback on the issue. The meeting was also attended by few a officials of the Securities and Exchange Board of India and Reserve Bank of India. According to sources, most industry representatives told the committee that they were already overburdened by the ...

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Industry wary of change in accounting year

Industry representatives told committee that they were already overburdened by recent reforms including GST

Industry representatives told committee that they were already overburdened by recent reforms including GST Industry players have expressed reservations to a proposal to change the accounting year from April-March to January-December. A central government-appointed committee held meetings with industry participants, which included representatives from corporate India, banks, rating agencies and consultancy firms, last week to gather feedback on the issue. The meeting was also attended by few a officials of the Securities and Exchange Board of India and Reserve Bank of India. According to sources, most industry representatives told the committee that they were already overburdened by the ... image
Business Standard
177 22

Industry wary of change in accounting year

Industry representatives told committee that they were already overburdened by recent reforms including GST

Industry players have expressed reservations to a proposal to change the accounting year from April-March to January-December. A central government-appointed committee held meetings with industry participants, which included representatives from corporate India, banks, rating agencies and consultancy firms, last week to gather feedback on the issue. The meeting was also attended by few a officials of the Securities and Exchange Board of India and Reserve Bank of India. According to sources, most industry representatives told the committee that they were already overburdened by the ...

image
Business Standard
177 22