GST Updates:-Deferment of Provisions of Dynamic Quick Response code on B2C Invoices

Notification :-  14/2020Central Tax  (Date of Application-01.10.2020)

Old Provision New Provision

Dynamic Quick Response (QR) Code is mandatory from 1st April, 2020 (Refer Notification No. 72/2019 Central Tax dated 13.12.2019)

Dynamic QR Code is applicable for:-

  • Registered person whose aggregate turnover in a financial year exceeds 500 crore rupees
  • In respect of supply of Goods / Services to an unregistered person (B2C)

Provisions of Dynamic QR Codes stands deferred to 1st Oct, 2020.

 

Further, below sectors are exempted for provisions of E-Invoicing –

  • Banking,
  • Insurance,
  • Financial Institutions,
  • Good Transport Agency (GTA)
  • Passenger Transportation Service,
  • Sale of Movie Tickets

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