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Rcm bill on daily basis or weekly basis can do

Amitabha Mukherjee (Sr. Manager, GST) (253 Points)

19 September 2017

In a month we usually raised near about 800 RCM related bills. Can you provide any other option in which we can reduce this numbers. Is this possible to make it Monthly , Weekly or every 10 days basis..or any other option ?

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Deepak Gupta (CA Student) (15922 Points)
Replied 19 September 2017

RCM invoice

where the recipient is registered and the supplier is unregistered
and the aggregate value of such supplies exceeds Rs. 5,000/- in a day from any or all the suppliers
can be issued consolidately at the end of a month

First Proviso to Rule 46(q)(ii)

"Provided further that where an invoice is required to be issued under clause (f) of sub-section (3) of section 31, a registered person may issue a consolidated invoice at the end of a month for supplies covered under sub-section (4) of section 9, the aggregate value of such supplies exceeds rupees five thousand in a day from any or all the suppliers."