Are there any relaxations available for banking companies or a financial institutions including NBFC ?
Yes. In case of the supplier being a Banking Company or a Financial Institution including NBFC or an insurer, the tax invoice would be treated as complete, even in the following cases:
The invoice is not serially numbered;
The invoice does not contain the address of the recipient of taxable supply.
Also, they may issue an invoice within 45 days from the date of supply of service ( as against 30 days in other cases).