Filing Related FAQs





XBRL instance document creation software has to be purchased from the software vendors in the market. This software is used to create XBRL instance documents that would be uploaded on the MCA portal. Stakeholders may check whether the software is compliant with the Business Rules published by the MCA. MCA will provide a Validation Tool to provide a facility for validation of the instance document and filing of the same on the MCA Website. However, please note that MCA is not recommending any specific XBRL software.
ICAI, which is assisting MCA with conduct of XBRL training, has been instructed to develop standard Training module as well identify resource persons in consultation with XBRL training partners located at different parts on the country. Leading Chambers of industry and Professional Institutes, namely, ICWAI and ICSI are also conducting XBRL training in coordination with MCA. Training will be held over the next few months in most leading cities of India. Details of the same will be available on website http://www.mca.gov.in/XBRL/. Professional Institutes, viz., ICAI, ICSI & ICWAI have also been advised to develop MCA XBRL filing related relevant resource materials.

XBRL allows for reporting textual information by a company. Textual information like Director’s Report, Auditor Report, etc can be provided in XBRL by using the HTML guidelines and detailed tagging requirements. HTML guidelines, which are required to be adhered, have been provided in the ‘Filing Manual’. Ideally, such technical requirements shall be catered by the XBRL instance document creation software.
Investments need to be tagged in detail. These should not be tagged using broader categories. Please see the level and scope of tagging requirements mentioned on the MCA XBRL portal for details.
All the significant accounting policies can be block tagged at one place as appearing in the published financial statements. Further the textual elements which are mandatory as per the MCA Business Rules need to be tagged individually as well.
In the “Disclosure of relationship and transactions between related parties [Table]”, details including name, CIN, etc. of all the related parties including holding companies need to be given.
The Product/Service category of a company provides useful information about the economic sector/segment in which the company is operating. This information has important usage in macro-economic analysis of the economy as well as policy making in the larger public interest. This information may be used for providing incentives like subsidy, tax-break, etc to companies for improving their profitability, etc.

Details are to be provided in following manner:

Case I: Total number of product category(s) - 3

Product or service category code (ITC/NPCS 4 digit code)

Description of the product or service category

Turnover of the product or service category (In Rs.)

Highest turnover contributing product or service (ITC/NPCS 8 digit) code

Description of the product or service

Turnover of highest contributing product or service (In Rs.)

3924

Tableware, kitchenware, other household articles or toilet articles of plastics

7,80,000

39249010

Toilet articles

5,77,250

3925

Builders ware of plastics, Not elseware specified or included.

2,78,290

39252000

Doors, windows and their frames

2,10,120

3926

Other articles of plastics

1,99,520

39264041

Table and other

household articles for decoration of polyurethane foam.

1,99,520



Case II- Total number of service category(s) - 2

Product or service category code (ITC/NPCS 4 digit code)

Description of the product or service category

Turnover of the product or service category (In Rs.)

Highest turnover contributing product or service (ITC/NPCS 8 digit) code

Description of the product or service

Turnover of highest contributing product or service (In Rs.)

9963

Accommodation, food and beverage services

87,03,45,000

99631110

Room or unit accommodation services for visitors, with daily housekeeping services

65,05,55,000

9964

Passenger transport services

89,25,000

99641150

Taxi services

89,25,000



Note: Please refer to 'Indian Trade Classification' based on harmonized commodity description and coding system issued by the Ministry of Commerce & Industry for Product Codes and National Product Classification for Services (NPCS) for Services codes issued by Ministry of Statistics & Programme Implementation, Government of India.

Details of ITC and NPCS codes are also available on MCA-XBRL portal under the head ‘Important Downloads


 

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