Payment voucher under GST

Posted on 10 June 2022 Category : GST terms

Meaning of term payment voucher under GST

The details about payment voucher under GST are explained here.

Invoice and payment voucher by a person liable to pay tax under reverse charge

A registered person liable to pay tax under reverse charge (both for supplies on which the tax is payable under reverse charge mechanism and supplies received from unregistered persons) has to issue an invoice in respect of goods or service or both received by him. Such a registered person in respect of such supplies also has to issue a payment voucher at the time of making payment to the supplier.

Payment voucher

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

name, address and GSTIN of the supplier if registered;
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
date of its issue;
name, address and GSTIN of the recipient;
description of goods or services;
amount paid;
rate of tax (central tax, State tax, integrated tax, Union territory tax or cess);
amount of tax payable in respect of taxable goods or services (central tax, State tax, integrated tax, Union territory tax or cess);
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
signature or digital signature of the supplier or his authorized representative

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