Hi there,
Our company is currently handling reward nd loyalty programs for our various clients.
we ship goods to individual who redeem their points nd bill to our clients showing buyer nd consignee details but some past days redemption has been quite higher for example 1000 -1200 in a single day. Now the problem is that we are not able to generate 1000 bills every day.
My question is can we generate a single invoice in the end of the month containing details of all items shipped throughout the month.
Is there way to do this ?
Is it legally acceptable as we r not intending to conceal tax bt just want less the work burden.
thnks
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Invoicing in case of reward programs
Replies (1)
No you cannot Issue a single Invoice for whole month. As per Section 31CGST Act The registerd per can issue a consolidated Invoice for a DAY only for those invoices which are below 200/- & 2ndly the Recepient is URD & he does not require invoice
Now As per section 13 CGST Act , if such point which is redeem is identifiable , means the supply of goods is known or for eg. Recepient knows that he will getting so on so product in that case the supply is to be considered on the date such points/voucher being issued & the invoice should be raise on the same date
Else the supply will be considered on the date of redemption of Voucher
Now As per section 13 CGST Act , if such point which is redeem is identifiable , means the supply of goods is known or for eg. Recepient knows that he will getting so on so product in that case the supply is to be considered on the date such points/voucher being issued & the invoice should be raise on the same date
Else the supply will be considered on the date of redemption of Voucher
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