payment voucher

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whether it is compulsary to issue payment and receipt voucher, as GSTR 1 require details of payment and receipt voucher to be entered......
Replies (2)

Yes, 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)].

Signature of supplier is compulsory? so does it mean that i have to take signature from every supplier? from fruit seller on the road to farmers etc....


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