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MEANING OF ACTUALLY AND GENUINELY PAID BY THE CONTRACTOR

Service Tax - Started By: - RAM AVTAR - Dated:- 30-1-2016 Last Replied Date:- 2-2-2016 - In most of the tender clause says However , in respect of SERVICE TAX , same shall be PAID by the contractor to the concerned department on demand and it will be REIMBURSED TO HIM by the Engineer in Charge after satisfying that IT HAS BEEN actully and genuinely paid by the contractorIn case of a company tax deposited through epayment, partial reverse charge and CENVAT.Whether CENVAT credit of bill of sub con .....

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the words, Actual and Genuine As per dictionary meaning :- Actual means based on facts, what is existing etc. Genuine includes the elements of honesty, truth and sincerity, in addition to factual position and not fake. Payment of ST made through Cenvat Account is equal to the payment made in cash. Legal status is the same. You are to ensure that Cenvat credit to be taken must conform to the definition and conditions laid down in Rules 2,3,4 of Cenvat Credit Rules, 2004 as amended. Under RCM firs .....

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