Receipt Vouchers are issued by Registered Person on receipt of Advance Payment
- 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:
- name, address and GSTIN of the supplier;
- a consecutive serial number, unique for each Financial Year
- date of its issue;
- name, address and GSTIN or UIN (if registered) of the recipient
- description of goods or services;
- amount of advance taken;
- rate of tax
- amount of tax charged in respect of taxable goods or services
- place of supply along with the name of State and its code.
- reverse charge applicability
- 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 Vouchers can be issued where any such receipt voucher is issued, but subsequently no supply is made and no tax invoice issued.