TMI BlogIssue of Payment VoucherX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Sir/Madam, As per sec 31 of CGST act ,a registered person is required to issue payment voucher in case supplies are procured from unregistered vendor.My question in large scale corporates there is abundance of such expenses which are small in amount like tea exp,stationer exp.Will I have to issue payment voucher in each such case?Futher in case of self invoicing under RCM option has bee ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n given to prepare monthly consolidated bill;is there any similar relaxation in case of payment voucher.Also what if document series of the payment voucher is not filed in table 13 of GSTR-1 .Can I file the same later on or is there any way out? Looking forward to your reply. Thanks. - Reply By Rajagopalan Ranganathan - The Reply = Madam, According to Section 31 (3) (g) of CGST Act ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , 2017 a registered person who is liable to pay tax under sub-section (3) or sub-section (4) of section 9 shall issue a payment voucher at the time of making payment to the supplier. Payment under sub-section (3) or sub-section (4) of section 9 of CGST Act, 2017 is regarding payment of gst under reverse charge. However, Notification No. 8/2017 -CGST Rate Dated: 28-6-2017 has exem ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pted intra-State supplies of goods or services or both received by a registered person from any supplier, who is not registered, from the whole of the central tax leviable thereon under sub-section (4) of section 9 of the Central Goods and Services Tax Act, 2017 (12 of 2017) provided that the said exemption shall not be applicable where the aggregate value of such supplies of goods or serv ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ice or both received by a registered person from any or all the suppliers, who is or are not registered, exceeds five thousand rupees in a day. - Reply By CAPurnima Bothra - The Reply = Firstly thank you sir for your prompt reply. If expenses per day exceeds 5000 then i have prepare payment voucher.Does this mean I have to prepare payment voucher even for smallest expense also like tea expen ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... se of ₹ 100,printing stationery ₹ 50 and so on (if purchased from unregistered vendor and sum of expense per day exceeds ₹ 5000).In the above scenario when there is abundance of such expenses count of payment voucher will be mammoth.Moreover it is not really feasible to make payment voucher for each such supplier. Also what if document series of the payment voucher is not file ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d in table 13 of GSTR-1 (Organisation has already filed GSTR-1 ).Can I file the same later on or is there any way out? - Reply By MARIAPPAN GOVINDARAJAN - The Reply = In my view you can issue consolidated voucher for all these transactions every day. - Reply By Ramaswamy S - The Reply = Agree with Mr Govindarajan. Consolidated at the eod - Issue of Payment Voucher - Query Started By: - CA ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Purnima Bothra Dated:- 17-9-2017 Goods and Services Tax - GST - Got 4 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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