FAQ on Dynamic Quick Response (QR) Code on B2C Invoices and Compliance

To which invoice is Notification No 14/2020- Central Tax dated 21st March, 2020 applicable? Would this requirement be applicable on invoices issued for supplies made for Exports?

Notification No. 14/2020-Central Tax, dated 21st March 2020 had been issued which requires Dynamic QR Code on B2C invoice issued by taxpayers having aggregate turnover more than 500 crore rupees, w.e.f. 01.12.2020. Further, vide Notification No. 89/2020- Central Tax, dated 29th November 2020, penalty has been waived for non-compliance of the provisions of Notification No.14/2020 – Central Tax for the period from 01st December, 2020 to 31st March, 2021, subject to the condition that the said person complies with the provisions of the said Notification from 01st April, 2021.

Click Here to Download Circular no. 146/02/2021-GST

Quick Response (QR) Code on B2C invoices and compliance

S&P BSE SENSEX  ^BSESN 
₹ 47,705.80  ₹ 243.62  0.51%  
NIFTY 50  ^NSEI 
₹ 14,296.40  ₹ 63.05  0.44%  
NIFTY BANK  ^NSEBANK 
₹ 31,112.70  ₹ 95.70  0.31%  
USD/INR  INR=X 
₹ 75.13  ₹ 0.2780  0.37%  
GSTN Portal new GST signer and disabled “emsigner” ICSI Update 17th April, 2021 Read our new article -https://taxconcept.net/business-news/reveresal-of-itc-on-creditors-written-off/ CBIC- Attention Taxpayers Today is last Date of GSTR-1 GST TAXPAYERS WHO ARE UNDER QRMP SCHEME? Auto-population of e-invoice details into GSTR-1 trial ITR 1 and 4 Utilities for has been available for E-filing for the Assessment year 2021-2022 Accounting Software with Audit Trail