CBEC recently issues SOPs for verification of taxpayers where GST registration has been granted on deemed registration basis. As per revised procedure, at the time of filing of application of GST registration, Aadhar Authentication should be done for Authorised signatory. For this purpose, Aadhar Number is used as a common Unique Identification number which helps in linking statutory information available on different portals such as Income tax department, Bank Accounts etc.
International Financial Reporting Standards (IFRS) set centralized protocols, to maintain the financial statements consistency, transparency, and comparable around the world. IFRS Standards are vital to the regulators around the world. International Financial Reporting Standards is achieving power throughout the world as a single, logical accounting framework and is positioned to stand, and provide predominant principles.
VJM & Associates LLP have worked broadly under IFRS and our expertise for IFRS is more than just a technical accounting exercise. We understand the needs to be viewed and study them as an important business priority.