Question

What is a voucher and (gst) goods and service tax

Answer 1

Answer:

A bill of supply is required to be issued at the time of making supplies of goods and services that are exempt from the tax or by composition dealer. You can download a ready to use GST compliance GST Bill format excel template from the link below: GST Bill Format In Excel For Non-Taxable Goods And Services.

Answer 2

Answer :

Voucher

In accounts voucher is a document which provides the authorisation to pay and on the basis of which the business transactions are , first of all recorded in the books of accounts. A separate voucher is prepared for each transaction and it specifies the accounts to be debited or credited.

                                                                                                             

GST (Goods and Service Tax)

All indirect taxes like excise duty , sale tax , VAT (Value Added Tax) ,  ETC have been merged into a single tax known as GST. It is paid at the time of of purchase and collected at the time of sale.