31.     Records to be maintained by a dealer executing works contracts:

          1)      Every dealer executing works contract shall keep separate accounts for each contract specifying the particulars of the names and addresses of the persons for whom he has executed works contracts       

          2)      Every dealer executing works contract and opting to pay tax by way of composition shall maintain records of         

                    a)      payments received from the contractee.        

                    b)      records of entry on Form VAT 200 

                    c)      records of tax collection at source or tax deduction at source made from the payments received on the works contracts.      

                    3)      Every dealer executing works contract and not opting to pay tax by way of composition shall keep the following records; namely;-  

                    a)      the particulars of goods procured by way of purchase or otherwise for the execution of works contract;       

                    b)      the particulars of goods to be used or used in the execution of each works contract;  

                    c)      the details of payment received in respect of each works contract     

                    d)      the details of:

                            i)     labour charges for works executed;

                            ii)    amount paid to sub-contractor for labour and services

                            iii)   charges for planning, designing and architect’s fees;

                            iv)   charges for obtaining on hire or otherwise machinery and tools used for the execution of the works contract;

                            v)    cost of consumables such as water, electricity, fuel etc., used in the execution of the works contract the property in which is not transferred in the course of execution of a works contract;

                            vi)   cost of establishment of the contractor to the extent it is relatable to supply of labour and services;

                            vii)  other similar expenses relatable to supply of labour and services;

                            viii)  profit earned by the contractor to the extent it is relatable to  supply of labour and services;

                            ix)   all amounts for which goods exempted under Schedule I are transferred in execution of works contract;

                            x)    turnover of goods involved in the execution of works contract which are transferred in the course of inter-State trade or commerce under Section 3 of the Central Sales Tax Act, 1956 or transferred outside the State under Section 4 or transferred in the course of import or export under Section 5 of the said Act.