Amc revenue accounting treatment as per indian gaap

dhiru (Executive ) (38 Points)

19 October 2016  

1) In AMC invoicing, customer is demanding 100% Tax Invoice, while, we are ready to give Pro-forma Invoice, So, what will be the accounting treatment, if we raise 100% Tax invoice as per customer's demand, should our Sales to be booked 100% than to pass the JV to move in deffered revenue laibility and on completion of each service, we should again book as income based on AS - 9

2) if in AMC, there is total no. of 12 services to be provided over the period of AMC contract, but cusomer has only taken 10 service and AMC period is over, So in this case, balance deffered revenue laibility for these 02 Services to be recognised as Income or Other non- operating Income

Warm Regards,
Dhiraj Pathak