QR CODE B2C TRANSACTION

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..... Dear Experts 'Please refer to Circular No. 146/02/2021-GST dated February 23, 2021 We are deduct penalty/recovery from transporter for damage of company property/ late place of vehicle. also make invoice b2c and pay gst. Whether QR Code is required as 1. We are debit the Amount form their ledger. 2. Some Driver gives us Cash then we make invoice in B2C. Regards Sbansal .....

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..... - Reply By ABHISHEK TRIPATHI - The Reply = As per Notification No. 14/2020-Central Tax dated 21.03.2020 , Invoices with Dynamic QR Code is issued in B2C transaction with an unregistered person by a registered person (B2C invoice) whose annual aggregate turnover exceeds 500 Cr rupees in any of the financial years from 2017-18 onwards. Dynamic QR Code is not required on the conditions enumerat .....

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..... ed by you. I think the company is deducting the amount as penalty and raising the invoices accordingly to pay RCM on GTA. Whether deduction/penalty should also be part of Invoices with Dynamic QR Code? Is that your question? - Reply By Ganeshan Kalyani - The Reply = If the transporter is registered and you are deducting certain amount as penalty under 'tolerating an act', then you .....

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..... are suppose to raise tax invoice. Since it is B2B supply IRN QR Code is required. And in case transporter is unregistered then B2C invoice is required to be raise with Dynamic QR Code. - Reply By Shilpi Jain - The Reply = In case you consider this transaction as taxable and the transporter is not registered DQR required Also refer Circular no. 146/02/2021-GST - QR CODE B2C TRANSAC .....

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..... TION - Query Started By: - POLYPLEX CORPORATIONLTD Dated:- 25-2-2021 Goods and Services Tax - GST - Got 3 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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