Cross-Border Compliance Standard

ASC 606 vs Ind AS 115 Dual Standard Accounting

Automating the separation of statutory 18% Indian GST (CGST/SGST/IGST) liabilities into segregated MCA Schedule III balance sheet accounts while maintaining GAAP-compliant US revenue amortization schedules.

Key Dual-Standard Accounting Principles

Read Full Publication

1. Statutory 18% GST Balance Sheet Firewall

Under Ind AS 115 and MCA Schedule III, gross billings containing 18% GST cannot be recorded in deferred revenue. Soluqube automatically calculates Net Consideration = Gross / 1.18 at contract inception.

2. Multi-Currency Dual General Ledger Sync

Posts parallel journal entries to US GAAP USD Ledgers and Indian MCA INR Ledgers with automated foreign currency translation and zero reconciliation discrepancies.

Simulate Dual-Standard Amortization Live

Launch the interactive dual-ledger calculator on the Soluqube sandbox.

Open Dual Standard Sandbox