whether single self invoice can be issued against multiple transactions from a single vendor in a month
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Quick Summary
This discussion clarifies the rules around Reverse Charge Mechanism (RCM) self-invoicing when dealing with multiple transactions from a single vendor within a month. It addresses whether a single self-invoice should cover all transactions or if individual invoices are required. The consensus suggests that typically, a single self-invoice is generated per month to consolidate these transactions.
Eg. if A transport limited raises 5 invoices in jul 2021 totalling RS.250000/- Do I need to prepare single self invoice for all 5 invoices combined or I need to create 5 self invoices?