IGAS

Indian Government Accounting Standards (IGAS)

Indian Government Accounting Standards (IGASs) formulated by GASAB are for cash system of accounting and become mandatory from the effective date after their notification by Ministry of Finance, Govt. of India.

IGAS Notified by Government of India
	Guarantees given by Governments: Disclosure Requirements (IGAS1) [Notified by the Govt. of India]
	Accounting and Classification of Grants-in-aid (IGAS2) [Notified by the Govt. of India]
	Loans and Advances made by Governments (IGAS 3) [Notified by the Govt. of India]
	Prior Period Adjustments (IGAS 4) [Notified by the Govt. of India]

IGAS approved by GASAB and under consideration of Government of India
	Modified IGAS 2 – Accounting of Grants-in-aid
	Modified IGAS 3 –Accounting of Loans and Advances
	'Guidance Note on Accounting for Fixed Assets'
	Government Investments In Equity (IGAS 9) [Under consideration of the Govt. of India for notification]
	Foreign Currency transactions and loss or gain by Exchange Rate variations (IGAS 7) [Under consideration of the Govt. of India for notification]
	Public Debt and Other Liabilities of Governments: Disclosure Requirements (IGAS 10) [Under consideration of the Govt. of India for notification]