9911796707
TMI BlogDynamic QR code B2C suppliesX X X X Extracts X X X X X X X X Extracts X X X X ..... Dynamic QR code B2C supplies X X X X Extracts X X X X X X X X Extracts X X X X ..... pplicable above 5crore. Reply By KASTURI SETHI: The Reply: Sh.Ravi Kumar Doddi Ji. Notification No.72-19(CT) dated 13.12.19 has been superceded vide Notification No. 14/20-CT dated 21.3.2020 and further amended vide Notification No.71/20-CT dated 30.9.2020. Invoice to be issued by specified registered person, whose aggregate turnover in a financial year exceed ` five hundred crore, to an unre ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... gistered person (B2C invoice), to have Dynamic Quick Response (QR) code, w.e.f. 1-10-2020 -- Notification No. 72/2019-C.T. superseded Reply By GUNASEKARAN K: The Reply: Dear Mr.Ravikumar Doddi, Answer to you query is tabulated below; Turnover above 500 Crores E-Invoice for B2B Supplies & Dynamic QR Code Invoice for B2C Turnover from 5 Crore to 499 Crores E-Invoice for B2B Supplies is Mandat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ory Reply By Shilpi Jain: The Reply: DQR for B2C supplies required only for taxpayers with TO > 500 crores. Not for others. Reply By Lav Prajapati: The Reply: Dear sir * When supply of goods or service to unregistered person (B2C), if * if aggregate turnover of any preceding financial year from 2017-18 upto 500 crore - no need to generate Quick Response (QR) code * if aggregate turnover ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of any preceding financial year from 2017-18 more than 500 crore - need to generate Quick Response(QR) code as per notification number 14/2020 * where such registered person makes a Dynamic Quick Response (QR) code available to the recipient through a digital display, such B2C invoice issued by such registered person containing cross-reference of the payment using a Dynamic Quick Response (QR) c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ode, shall be deemed to be having Quick Response (QR) code. * Exemption to supplier from generation of Quick Response Code :- Circular No. 146/02/2021-GST has clarified for The exemption & Non applicability of QR code in following cases * An insurer or a banking company or a financial institution, including a non-banking financial company * A goods transport agency * Person supplying passe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nger transportation service * Person supplying services by way of admission to exhibition of cinematograph films in multiplex screens * Supplier of OIDAR Services ( under section 14 of IGST Act) * Various clarification in respect of applicability of Dynamic Quick Response (QR) Code on B2C invoices and compliance of notification 14/2020- Central Tax dated 21st March, 2020 in the Circular No. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 146/02/2021-GST dated 23rd February, 2021. Reply By Ravikumar Doddi: The Reply: Thank you sirs Reply By Lav Prajapati: The Reply: Dear sir Penalty for non-compliance and Waiver of the same Non-generation of dynamic QR codes for invoices issued by a registered person to unregistered persons with effect from 1st October 2021 by companies having an annual turnover in excess of ₹500 Crores ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... could now attract penalty under section 125 of CGST Act, 2017.
However, vide NOTIFICATION NO. 28/2021 - Central Tax dated 30-06-2021 , the Government has waived such penalty for non-compliance between the period from 01.12.2020 and 31.09.2021.
Reply By Ganeshan Kalyani:
The Reply:
I agree with the view of Ms. Shilpi mam. X X X X Extracts X X X X X X X X Extracts X X X X
|
