payment and receipt voucher in gst
Yogesh Johar (37 Points)
08 August 2017
can anyone help me that is it mandatory under GST to prepare payment vouchers and receipt vouchers.
Yogesh Johar (37 Points)
08 August 2017
Deepak Gupta
(CA Student)
(15922 Points)
Replied 08 August 2017
Payment and receipt vouchers shall be issued in the following cases:
Where tax is payable on reverse charge basis or on receipt of supplies from unregistered persons the recipient is required to prepare a payment voucher to be issued at the time of making payment [Sec. 31(3)(g)].
Receipt of advance will require that a receipt voucher be issued [Sec. 31(3)(d)].
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