Point of taxation of ra bill for work contract.

This query is : Resolved

Pratik (Querist)
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12 May 2019 I am an Electrical Contractor providing services of erection and maintainance of Overhead Electrical lines to MSEB. & Pvt. Companies.
What is point of taxation of RA Bill is issued by me to MSEB or Pvt Co. ?

Will it be
Date RA Bill is Issued or
Date of Receipt of Payment

What will be Impact of same in GSTR 01?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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13 May 2019 It is the date of RA bill(tax invoice) issued.

Pratik

Pratik (Querist)
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13 May 2019 But there is uncertainty of payment involve in RA Bill in case of Govt. Contract as bill is first Audited than payment is released.
RA Bill Also provided for receiving advance in case of long term Continuous supply of service.
Please Guide