Section Section 2(118): Meaning of Voucher

Financial Year: 2017

Section 2(118)

“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.