Applicability of QR Code to B2C GST Invoice In the case of exports and RCM supplies, since tax invoices are required to be issued, the QR code shall also be applicable. The e-invoicing system also requires invoices printed to have a space for QR codes. Thus, all those taxpayers will be required to issue invoices under the e-invoicing system in respect of B2B tax invoices, credit notes and debit notes. Further from 1st January 2021, this extends to businesses with annual turnover of more than Rs.100 crore in any previous financial years, starting from 2017-18. Under the GST law, the e-invoicing system is compulsory from 1st October 2020 for those taxpayers having an aggregate turnover more than Rs.500 crore in any previous financial years, starting from 2017-18. Which are the documents to which QR code applies? The QR Code will be created based on the following parameters:
Once the Invoice Registration Portal (IRP) returns the e-invoice to the supplier after assigning the QR Code, the supplier only needs to use the QR Code to generate a PDF of the signed e-invoice.This is especially useful when they are out on the field. It would help indirect tax officers to determine whether a particular invoice is valid and contains all the relevant particulars with the use of handheld devices.It would help in increasing the efficiency of conducting commerce by using machines to capture the data contained in invoices for quick and accurate input.Quick manner, without the need to retrieve such information from anĮxternal source, say, the internet. Purpose of QR CodeĬode will be used to provide information about a particular invoice in a Presenting information in its machine-readable format. It is a two-dimensional barcode applied to items for The CBIC has issued a notification seeking to waive the penalty imposed on non-compliance of dynamic QR code provisions for B2C invoices between 1st December 2020 and 30th June 2021, provided the said person complies with the provisions of the said notification from 1st July 2021. The CBIC has issued a notification seeking to waive the penalty imposed on non-compliance of dynamic QR code provisions for B2C invoices between 1st December 2020 and 30th September 2021.ĬBIC has notified vide Central Tax Notification no.23 dated 1st June 2021 that the e-invoicing system shall not apply to a government department and local authority.