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reciept voucher

Prateek Jain Lodha (12 Points)

13 June 2017

what is reciept voucher in gst and how to create it?

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2 Replies

CA Saloni (Manager-Accounts & GST Consultant) (5124 Points)
Replied 13 June 2017

When a registered person receives an advance from customer, he has to issue a receipt voucher as a proof.

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CS Nisha Nishit (Practicing Company Secretary) (326 Points)
Replied 13 June 2017

A receipt voucher referred to in clause (d) of sub-section (3) of section 31 shall contain the following particulars:

(a) name, address and GSTIN of the supplier;

(b) a consecutive serial number not exceeding sixteen characters, in one or multiple series, containing alphabets or numerals or special characters -hyphen or dash and slash symbolised as “-” and “/”respectively, and any combination thereof, unique for a financial year

(d) name, address and GSTIN or UIN, if registered, of the recipient;

(e) descripttion of goods or services;

(f) amount of advance taken;

(g) rate of tax (central tax, State tax, integrated tax, Union territory tax or cess);

(h) amount of tax charged in respect of taxable goods or services (central tax, State tax, integrated tax, Union territory tax or cess);

(i) place of supply along with the name of State and its code, in case of a supply in the course of inter-State trade or commerce;

(j) whether the tax is payable on reverse charge basis; and

(k) signature or digital signature of the supplier or his authorized representative:

Provided that where at the time of receipt of advance,

(i) the rate of tax is not determinable, the tax shall be paid at the rate of eighteen per cent.;

(ii) the nature of supply is not determinable, the same shall be treated as inter-State supply