Builders Association of India (vs.) Union of India and ORS. Appeal No. 8035/2016, High Court of New Delhi Delay Condoned. Apprehension of the petitioner appears to be that without identifying the beneficiary workmen, the contribution is being sought. W ...
Seminar on Indirect Taxation of Works Contract
Consult Construction has successfully organised a seminar on Indirect Taxation of Works Contract. The seminar received a very good response with delegates from companies like :- 1. L&T 2. Reliance 3. Transformers & Rectifiers 4. MS Khurana Engg. 5 ...
Basics of E&C; Accounting
Building sustainable value — for today and tomorrow The Canadian engineering and construction (E&C) industry is a complex, rapidly evolving sector offering high risk and high rewards to players at all levels. CEOs in this industry face constant pressu ...
Basics of IAS 11
IAS-11 - Construction Contracts Objective of IAS 11 The objective of IAS 11 is to prescribe the accounting treatment of revenue and costs associated with construction contracts. What is a Construction Contract? A construction contract is a contract s ...
Accounting for the Construction Sector
a) Accounting Standard / Guidance Notes The Accounting Sector applicable to this industry which works purely on contractual basis is AS-7 – Accounting for construction contracts. The standard emphasizes on Percentage completion Method Accounting (POCM). ...