Is there any specific set of records to be maintained by the provider of works contract service?
Yes,as per Rule 1(15) of Accounts and Records Rules, 2017 the registered person providing works contract service shall maintain the accounts showing-
the names and addresses of the persons on whose behalf the works contract is executed;
1). Description, value and quantity (wherever applicable) of goods or services received for the execution of works contract;
description, value and quantity(wherever applicable) of goods or services utilized in the execution of each works contract;
the details of payment received in respect of each works contract; and
2). The names and addresses of suppliers from whom he has received goods or services.