Receipt Book Regarding

This query is : Resolved

P.V.HARINDRANATH

P.V.HARINDRANATH (Querist)
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18 October 2007 Sir,
Do we need to keep RECEIPT book for domestic customers and international customers? If so in which law and section please.
Thanks & Regards
Hari.

Late CA Sampat Jain

Late CA Sampat Jain (Expert)
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18 October 2007 A recipt book is an evidence of receipt , may be required in any legal battle . However , if you are receving by cheque , you have sufficient alternative evience of receipt .

Ravikumar.G

Ravikumar.G (Expert)
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18 October 2007 There is no Mandatory. If you have kept two receipt books it will cumbersome in so many aspects. there should be a control on international customers. Their outstanding should not exceed more than 6 months. Otherwise RBI will question regarding this. Also if any deductions you may not avail non receipt of o/s from international customers with in 6 months. Better you collect bank advises from the bankers to make support the international receipt.

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CMA Gul S

CMA Gul S (Expert)
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18 October 2007 It is not mandatory, But u can have Serial Number control for Domestic and International if it is really needed

kumar arumugam

kumar arumugam (Expert)
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31 October 2007 there is no hard and fast rule for this. making serialwise separately for domestic and international can help maintaining things and speedy follow up.