CBIC exempts certain class of registered persons capturing dynamic QR code and the date for implementation of QR Code extends to October 01, 2020

Mar 30, 2020 | by Avantis RegTech Legal Research Team


Finance & Taxation Compliance

The Central Board of Indirect Taxes and Customs (CBIC) on March 23, 2020, exempt certain class of registered persons capturing dynamic QR code and the date for implementation of QR Code to be extended to October 01, 2020.

Therefore, CBIC notifies that an invoice issued by a registered person, whose aggregate turnover in a financial year exceeds five hundred crore rupees, other than those referred to in sub-rules (2), (3), (4) and (4A) of rule 54 of Central Goods and Services Tax Rules, 2017, which specifies the tax invoice in special cases, and registered person referred to in section 14 of the Integrated Goods and Services Tax Act, 2017, which specifies the Special provision for payment of tax by a supplier of online information and database access or retrieval services, to an unregistered person, shall have Dynamic Quick Response (QR) code:

Provided that where such registered person makes a Dynamic Quick Response (QR) code available to the recipient through a digital display, such Business to Consumer (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.

This notification shall come into force from October 01, 2020.

[Notification No. 14/2020– Central Tax]


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