Revenue stamp

Internal Audit 904 views 6 replies

Hi,

Supporting document is there and no revenue stamp is affixed on the voucher. Is this legally valid?

 

Thnks

Replies (6)

If the amount of concerned voucher is less than Rs. 5000.00 than the voucher is valid otherwise not.

Yes I am agree with Prateek Kumar Patel.

Yes i agree with the Prateek Kumar Patel.

Revenue Stamp required for transaction above Rs. 5000/-

Yes revenue stamp is required if amount is more than Rs.5000.But while auditing it is not being regarded as a major audit point.It is better to insist the client to follow that practice.

Absence of it is not a big issue. Although, you should insist on implementing it.


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