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GST Invoice on Receipt of Advance Payment

Receipt Vouchers are issued by Registered Person on receipt of Advance Payment

Receipt Voucher

  • Whenever a registered person receives an advance payment for any supply of goods or services, he has to issue a receipt voucher.
  • A receipt voucher needs to contain the following particulars:
    1. name, address and GSTIN of the supplier;
    2. a consecutive serial number, unique for each Financial Year
    3. date of its issue;
    4. name, address and GSTIN or UIN (if registered) of the recipient
    5. description of goods or services;
    6. amount of advance taken;
    7. rate of tax
    8. amount of tax charged in respect of taxable goods or services
    9. place of supply along with the name of State and its code.
    10. reverse charge applicability
    11. signature or digital signature of the supplier or his authorized representative.
  • If the rate of tax is not determinable; the tax may be paid @18%
  • If the nature of supply is not determinable, the same shall be treated as inter-State supply.


Refund Voucher

Refund Vouchers can be issued where any such receipt voucher is issued, but subsequently no supply is made and no tax invoice issued.


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