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TMI BlogClarification in respect of applicability of Dynamic Quick Response (QR) Code on B2C invoices and compliance of notification 442-F.T. dated 3rd April, 2020.X X X X Extracts X X X X X X X X Extracts X X X X ..... nvoice issued by taxpayers having aggregate turnover more than 500 crore rupees, w.e.f. 01.12.2020. Further, vide Notification No. 952-F.T., dated 7th December, 2020, penalty has been waived for non-compliance of the provisions of Notification No. 442-F.T., dated 3rd April, 2020 for the period from 1st December, 2020 to 31st March, 2021, subject to the condition that the said person complies with the provisions of the said Notification from 1st April, 2021. 2. Various references have been received from trade and industry seeking clarification on applicability of Dynamic Quick Response (QR) Code on B2C (Registered person to Customer) invoices and compliance of Notification No. Notification No. 442-F.T., dated 3rd April, 2020 as amended. T ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... stered person. As regards the supplies made for exports, though such supplies are made by a registered person to an unregistered person, however, as e-invoices are required to be issued in respect of supplies for exports, in terms of Notification no. 441-F.T., dated 3rd April, 2020 treating them as Business to Business (B2B) supplies, Notification No. 442-F.T., dated 3rd April, 2020 will not be applicable to them. 2. What parameters/ details are required to be captured in the Quick Response (QR) Code? Dynamic QR Code, in terms of Notification No. 442-F.T., dated 3rd April, 2020 is required, inter-alia, to contain the following information: - i. Supplier GSTIN number ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e deemed to have complied with the requirement of having Dynamic QR Code. 4. If the supplier makes available to customers an electronic mode of payment like UPI Collect, UPI Intent or similar other modes of payment, through mobile applications or computer based applications, where though Dynamic QR Code is not displayed, but the details of merchant as well as transaction are displayed/ captured otherwise, how can the requirement of Dynamic QR Code as per this notification be complied with? In such cases, if the cross reference of the payment made using such electronic modes of payment is made on the invoice, the invoice shall be deemed to comply with the requirement of Dynamic QR Code ..... X X X X Extracts X X X X X X X X Extracts X X X X
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