The Common Reporting Standard ( CRS ) is a new information-gathering and reporting requirement for financial institutions in participating countries/jurisdictions, to help fight against tax evasion and protect the integrity of tax systems. Learn how CRS and FATCA enhance tax transparency, requiring foreign asset disclosure in India. Avoid penalties with complete, accurate income reporting. Are you in search of CRS Full Form ? Here is a list of all the Full Forms of CRS and you also get what is CRS Meaning in English. CRS is the system of recording vital events such as birth, death and still birth under the RBD Act, 1969 (amended in 2023). It provides vital statistics for policy formulation and medical certification of cause of death.