Capitalization of advance (Incl GST)
This query is : Resolved
11 January 2025
Dear All
Is it possible to capitalize an advance (Incl GST) amount with out RA bill in case of construction contract ?
Is it possible to capitalize an advance (Incl GST) amount with out RA bill in case of construction contract ?
CA R SEETHARAMAN
(Expert)
11 January 2025
No, capitalisation should be based on completion of work.
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