CA Student
15927 Points
Joined May 2011
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)].