Till now, XBRL International Members includes only three members from India viz. a) Aptara and b) IRIS Business Services Ltd. and both are XII Direct Member and third member is the Institute of Chartered Accountants of India (ICAI) which is under the jurisdiction of XBRL India.
Now, the said circular has further been amended on 26th July, 2012 for giving relaxation and therefore all cost auditors and concerned companies will be allowed to file their Cost Audit Reports and Compliance Reports for the year 2011-12 with the CG in XBRL mode without any penalty, upto 31st December, 2012.
ICAI’s views on MCA’s Circular
How to file Financial Statements in XBRL format on MCA portal