Revenue recognition under IND AS 116

In Mall business, We have a Lease agreement with tenants under 2 conditions, 1st minimum rental paid on monthly basis, 2nd Revenue sharing with audited B/S or certified sales on yearly basis, whichever is higher.

So how we can do accounting or billing to tenants especially in the case of Revenue sharing bcas we are getting revenue numbers after a year. if we do a provisional revenue (for revenue sharing) method so there will be GST and E-invoicing complexity, if we did revenue booking after a year so revenue period in not relevant. pls, guide the correct methodology of revenue booking and accounting under INDAS 116 and direct and indirect taxations laws.

Replies (1)

The 5 step revenue recognition should be followed all times. This model does not consider tax complexities. Next accruals must be adopted to sort out your revenue recognition problem without the timing effect. I’m not great with taxation, the timing of tax recognition and its relevant principles must be followed.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
30 October 2026
Asst Manager Accounts

Goodwin Pumps India Pvt Ltd

Chengalpattu

CA Inter

View Details
Company
ARTICLESHIP 29 October 2026
Article Assistant (CA Inter / CMA Inter) - Thrissur

Varma Raja & Associates

Thrissur

CA Inter

View Details
Company
12 November 2026
Tax Product Specialist

BharatX.ai

Gurgaon

B.Com

View Details
Company
28 October 2026
Assistant Director/ Associate Director-Finance & Accounting

Krea University

Chennai

CA

View Details
Company
19 October 2026
Accountant

Jari Saree Center

New Delhi

Others

View Details
Company
ARTICLESHIP 17 October 2026
Articled Assistant

RRPM & Associates LLP

Chennai

CA Inter

View Details
Company
21 October 2026
CA INTER/ BCOM WITH EXPERIENCE

CA S KUMAR GUPTA & CO

Amritsar

CA Inter

View Details
Company
ARTICLESHIP 07 November 2026
Article Assisstant

DPV & Associates

Chennai

CA Inter

View Details