The Central Board of Indirect Taxes and Customs vide its notification dated 29th November 2020 has waived off penalty payable by any registered person on non-implementation of dynamic fast response code which is necessary for firms over Rs 500 crore turnover, till March 31, 2020.
Subject to the condition that 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 from the 01st day of April 2021.