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RCM under e-invoicingE-invoicing starts in a month and the onus of creating invoices and getting them registered on the Invoice Registration Portal (IRP) lies on the Supplier.
This, in a usual scenario can work fine.
However, for a business, there are multiple transactions that need to be reported under Reverse Charge Mechanism (RCM).
The companies are in a state of confusion on RCM transactions when e-invoice goes live as in the case of RCM, Purchaser issues self-invoice which is reported in GST returns and under E-Invoicing, Purchasers under no situation can generate Invoice Reference Number (IRN).Let us understand the rules of e-invoicing in relation to RCM