Work Contract Accounts

Yes, registered persons providing works contract service shall maintain accounts showing:

  • the names and addresses of persons on whose behalf the works contract is executed;
  • description, value and quantity(whenever applicable) of goods or services received for the execution of works contract;
  • description, value and quantity (whenever applicable) of good sor services utilised in execution of each works contract;
  • the details of payment received in respect of each works contract and
  • the names and addresses of suppliers from whom he has received goods or services