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TMI BlogClarification in respect of applicability of Dynamic Quick Response (QR) Code on B2C invoices and compliance of notification issued in the G.O.Ms.No.142, Revenue (CT-II) Department, dated 15-5-2020X X X X Extracts X X X X X X X X Extracts X X X X ..... Tax dated 21st March, 2020) - Reg. Ref:- From the GOI, MOF, DOR, CBIC, Circular No.146/02/2021-GST, dated 23-02-2021. Notification in G.O.Ms.No.142, Revenue (Commercial Taxes-II) Department, dated 15-5-2020 (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 in G.O. Ms. No. 32, Revenue (Commercial Taxes-II) Department, dated 15-2-2021 (Notification No. 89/2020- Central Tax, dated 29th November 2020), penalty has been waived for non-compliance of the provisions of Notification issued in the G. O. Ms.No.142, Revenue (Commercial Taxes-II) Departmen ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ual aggregate turnover exceeds 500 Cr rupees in any of the financial years from 2017-18 onwards. However, the said notification is not applicable to an invoice issued in following cases: i Where the supplier of taxable service is: a) an insurer or a banking company or a financial institution, including a non-banking financial company; b) a goods transport agency supplying services in relation to transportation of goods by road in a goods carriage; c) supplying passenger transportation service; d) supplying services by way of admission to exhibition of cinematograph in films in multiplex screens ii OIDAR supplies made by any registered person, who has obtained registration under section 14 of the IGST Act ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ays Dynamic QR Code, but the customer opts to make payment without using Dynamic QR Code, then will the cross reference of such payment, made without use of Dynamic QR Code, on the invoice, be considered as compliance of Dynamic QR Code on the invoice? If the supplier has issued invoice having Dynamic QR Code for payment, the said invoice shall be deemed to have complied with Dynamic QR Code requirements. In cases where the supplier, has digitally displayed the Dynamic QR Code and the customer pays for the invoice: - i. Using any mode like UPI, credit/debit card or online banking or cash or combination of various modes of payment, with or without using Dynamic QR Code, and the supplier provides a cross reference ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eceived either through electronic mode or through cash or combination thereof is made on the invoice, then the invoice would be deemed to have complied with the requirement of Dynamic QR Code. In cases other than pre-paid supply i.e. where payment is made after generation / issuance of invoice, the supplier shall provide Dynamic QR Code on the invoice. 6 Once the E-commerce operator (ECO) or the online application has complied with the Dynamic QR Code requirements, will the suppliers using such e-commerce portal or application for supplies still be required to comply with the requirement of Dynamic QR Code? The provisions of the notification shall apply to each supplier/registered ..... X X X X Extracts X X X X X X X X Extracts X X X X
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