Why Banking companies , NBFC , Financial institutions are give consolidated tax invoice at the end of every month ? Sir .
Srini Sriram
CA Final
★ 3K+
11-Sep-20 21:22
335
Answers (5)
because of volume of transactions. Say a customer does 1000 payments on which bank charges are Rs.5 + GST. So issuing 1000 invoices would be difficult.