TMI BlogDynamic QR code B2C suppliesX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Sir, Please clarify Notification No.72/2019 Central tax dated 13-12-2019 made it mandatory to those turnover exceeded above 500 crore shall issue invoice bearing dynamic QR code supplies made to B2C. Now is it also applicable 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 Notification No.72-19(CT) dated 13.12.19 has been superceded vide Notificati ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on 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 unregistered person (B2C invoice), to have Dynamic Quick Response (QR) code, w.e.f. 1-10-2020 Notification No. 72/2019-C.T. superseded - Reply ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 Mandatory - Reply By Shilpi Jain - The Reply = DQR for B2C supplies required only for taxpayers with ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 of any preceding financial year from 2017-18 more than 500 crore - need to generate ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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) code, shall be deemed to be having Quick Response (QR) code. Exemption to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 passenger transportation service Person supplying services by way ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 21 st March, 2020 in the Circular No. 146/02/2021-GST dated 23rd February, 2021. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - 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 could now attract penalty unde ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r 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. - Dynamic QR code B2C supplies - Query Started By: - Ravikumar Doddi Dated:- 3-8-2023 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Goods and Services Tax - GST - Got 7 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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