https://www.taxtmi.com/forum/issue?id=119528 Construction companies may recognise revenue on a provision or unbilled basis under accrual accounting and the Percentage of Completion Method (Ind AS 115), but GST liability arises only on time of supply when a tax invoice is issued or payment is received; provision entries alone do not create GST liability and will produce reconciling items in GSTR 9/GSTR 9C that must be disclosed and documented. en-us Sat, 18 Jan 2025 21:18:37 +0530 Wed, 17 Dec 2025 17:00:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=119528 Construction companies may recognise revenue on a provision or unbilled basis under accrual accounting and the Percentage of Completion Method (Ind AS 115), but GST liability arises only on time of supply when a tax invoice is issued or payment is received; provision entries alone do not create GST liability and will produce reconciling items in GSTR 9/GSTR 9C that must be disclosed and documented. Discussion-Forum Companies Law Sat, 18 Jan 2025 21:18:37 +0530 https://www.taxtmi.com/forum/issue?id=119528