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India's Tryst with GST and Accounting Convergence

11 Pages Posted: 17 Oct 2010 Last revised: 17 Mar 2011

Vibhooti Malhotra

University of California, Berkeley - School of Law; National Law University, Jodhpur

Date Written: October 15, 2010


The way business account books are maintained and how the tax computation is undertaken are inter-linked concerns of any business corporation. Both constitute an element of cost and are inversely related. India is at a very interesting stage in its financial history - where the manner in which companies record their transactions and also the manner seeks to tax them is going to change. The phased implementation of IFRS standards and DTC and GST tax regimes raises a multitude of questions.

This paper examines the various issues are likely to arise due to simultaneous application of GST and IFRS.

Keywords: IFRS, GST, Revenue Recognition

JEL Classification: M40

Suggested Citation

Malhotra, Vibhooti, India's Tryst with GST and Accounting Convergence (October 15, 2010). Available at SSRN: or

Vibhooti Malhotra (Contact Author)

University of California, Berkeley - School of Law ( email )

215 Boalt Hall
Berkeley, CA 94720-7200
United States

National Law University, Jodhpur ( email )

National Law University, NH 65, Nagore Road,
Kamala Nehru Nagar, Jodhpur
Jodhpur, Rajasthan 34230

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