A Purchase Receipt is a fundamental business document used in Indian commercial transactions to provide documentary evidence of a sale. It serves multiple purposes under Indian law, including compliance with tax regulations (particularly GST requirements), consumer protection laws, and accounting standards. The document is required whenever a sale of goods or services occurs, whether in a B2C or B2B context. A properly formatted Purchase Receipt should include the seller's details (including GST registration if applicable), buyer's information, itemized purchase details, tax breakdowns, and payment information. It's particularly important in the Indian context where it serves as a crucial document for input tax credit claims under GST, warranty claims under consumer protection laws, and as evidence of transaction for accounting and audit purposes.

1. Business Information: Legal name, address, and GST registration number (if applicable) of the selling entity

2. Receipt Number: Unique identifier for the transaction

3. Date and Time: Date and time when the transaction occurred

4. Customer Details: Basic information about the purchaser (name and contact details)

5. Item Details: Description of items purchased, including quantity, unit price, and HSN/SAC code if applicable

6. Payment Information: Amount paid, payment method, and payment status

7. Tax Details: Breakdown of applicable taxes (GST components if applicable)

8. Total Amount: Final amount including taxes in both figures and words

9. Authorization: Signature or stamp of the authorized representative