The Central Board of Indirect Taxes and Customs on 21st June 2021 has issued clarifications in respect of applicability of Dynamic Quick Response (QR) Code on B2C invoices.
The Board has clarified that the Dynamic QR Code is required for invoices issued to holders of Unique Identity Number (UIN) as they do not classify as ‘registered persons’ under GST.
The purpose of dynamic QR Code is to enable the recipient/ customer to scan and pay the amount to be paid to the merchant/ supplier in respect of the said supply. When the part-payment for any supply has already been received from the customer/ recipient, in form of either advance or adjustment through voucher/ discount coupon etc., then the dynamic QR code may provide only the remaining amount payable by the customer/ recipient against “invoice value”. The details of total invoice value, along with details/ cross reference of the part payment/ advance/ adjustment done, and the remaining amount to be paid, should be provided on the invoice.
Dynamic QR Code is not applicable for services supplied to overseas recipient and payment in foreign currency, even where place of supply is in India. This is in line with our recommendation made to GST officials.
