The Business Responsibility and Sustainability Report (BRSR) is a disclosure requirement for listed companies in India to report on their sustainability practices and performance. The Securities and Exchange Board of India (SEBI) mandates that listed companies submit their BRSR report in eXtensible Business Reporting Language (XBRL) format.
Here are the steps to submit the BRSR report in XBRL format in India:
- Prepare the BRSR report according to SEBI’s guidelines and requirements.
- Convert the BRSR report into the XBRL format using appropriate software tools that are compliant with the Indian XBRL taxonomy for BRSR reporting.
- Ensure that the XBRL instance document is validated and free of errors and warnings.
- Upload the XBRL instance document along with the PDF version of the BRSR report to the Electronic Data Information Filing and Retrieval (EDIFAR) portal of the Ministry of Corporate Affairs (MCA).
- Pay the required filing fees and submit the report.
It is important to ensure the accuracy and completeness of the BRSR report, as well as the quality of the XBRL tagging to avoid any errors or rejections during the filing process.
Companies may engage the services of professional XBRL conversion service providers to assist with the preparation and submission of the BRSR report in XBRL format.
We offer XBRL conversion services to large listed companies. Contact us today for XBRL conversion of BRSR reports.
