RA BiLL
This query is : Resolved
22 July 2011
What is RA BILL in the construction industries ,Please give with an eaxample
What is RA BILL in the construction industries ,Please give with an eaxample
CA. DINESH KUMAR
(Expert)
23 July 2011
RA means running account. As most of construction contract are for a long period, so in contract there is a clause that paymrnt shall be made stage wise complerion of work, to avoid liquidity problem to contracor. Contractor raise bill for work done upto particular stage, to get the payment. These bills are called RA BILLS.
Message likes :
7 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Reward for festival
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- RCM and same line
- Rectification under processing even after 6 months cpc portal
- 18% Rent a cab
- Import of Capital Machine
- Appointment of Auditor By Form ADT-1
- Capital gain on commercial property and investment in residential property
- Accounting Treatment of Civil work to install PORTA Cabin for office use
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
