Uncertified revenue -Construction Industry
This query is : Resolved
19 October 2021
If a company is engaged in construction activity. Every month he is raising invoice to client and submitted it for client certification. certified amount may vary subject to certification. In this case-
How will treat this revenue in books of accounts. Un certified revenue also consider for company's revenue?
Tax invoice at which stage to be raised? After certification or at the time of submission of bills to client.?
Please help to resolve this query
How will treat this revenue in books of accounts. Un certified revenue also consider for company's revenue?
Tax invoice at which stage to be raised? After certification or at the time of submission of bills to client.?
Please help to resolve this query
19 October 2021
1. Certified amount only.
2. At the time of submission.
2. At the time of submission.
19 October 2021
Thanks.... If we are raising tax invoice before certification , difference in certification should adjust by debit/credit note. Correct?
19 October 2021
Correct .... mostly by credit note..
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