What is Payment Voucher and When
should Payment Voucher Should be Issued:
A
registered person who is liable to pay tax on inward supplies shall issue
a payment voucher at the time of making payment to the supplier.
A payment voucher shall contain the following
particulars, namely:-
(a) name,
address and Goods and Services Tax Identification Number of the supplier
if registered;
(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;
(c) date of
its issue;
(d) name,
address and Goods and Services Tax Identification Number of the recipient;
(e) description
of goods or services;
(f) amount paid;
(g) rate of tax
(central tax, State tax, integrated tax, Union territory tax or cess);
(h) amount of
tax payable 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; and
(j) signature or
digital signature of the supplier or his authorised representative.
Disclaimer:
All the Information is based on the notification, circular and order issued by
the Govt. authority and judgement
delivered by the court or the authority information is strictly for educational
purposes and on the basis of our best
understanding of laws & not binding on anyone.
