Section 2(118) of CGST Act: Meaning of “Voucher”

Definition of the term “Voucher” under the Central Goods and Services Tax (CGST) Act, 2017

As per Section 2(118) of the Central Goods and Services Tax (CGST) Act, 2017, unless the context otherwise requires, the term “voucher” means an instrument where there is an obligation to accept it as consideration or part consideration for a supply of goods or services or both and where the goods or services or both to be supplied or the identities of their potential suppliers are either indicated on the instrument itself or in related documentation, including the terms and conditions of use of such instrument.

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