The Institute of Chartered Accountants in India (ICAI) has set up a group for suggesting ways and means to resolve Inter unit reconciliations including re-engineering the process/procedures, revenue sharing, between HO and branches, various grants payable and accounting entries thereof, especially in the recently rolled out Goods and Services Tax (GST) regime.
A six member group has been constituted for the above purpose, a statement appeared in the Official website of the ICAI said.
S. Sundaresan, CFO would be the Secretary to the aforesaid Group. CA. S.B. Zaware (Convenor), CA. Atul Kumar Gupta, CA. Babu Abraham Kallivayalil, CA. Sanjay Vasudeva, CA. Anil S. Bhandari are the orther members in the group.
