Dear Sir / Madam,
We are pvt ltd company dealing with construction activities taking service tax input credit’s from the service providers bills who’s dealing contract activities with us. Now, my query follows.
- How we able to know that the contractor who has claimed tax on his bill is paid to govt or not.
- Shall we collect tax paid challan’s or returns from them for records?
- Or shall we collect declaration with regards to the sum he has paid to government.
- What are the liabilities if someone take input credit for the service received from the provider.
Kindly guide us for better clarification in this regard.
CAclubindia
