Our client is a financial institution and they issue summary invoices on monthly basis to all their clients. They want to issue standard Invoices for all the clients (including B2C clients) because there is a huge volume of daily transactions and they cannot issue simplified invoices on daily basis. Is this approach correct?
Can they issue standard Invoices for B2C as well?
Or they must issue simplified invoices?
But if they issue simplified invoices, can they do it on monthly basis as a summary invoices?
@Saad Standard Invoice cannot be issued for B2C transactions. For Financial Institutions, Article 53(7)(d) allows Summary Simplified Invoices.
Dear @Ankit_Tiwari, thanks for the quick response. what if they already issued some invoices, will it cause any penalties?
@Saad please reach out through Relationship manager.