How to generate GST compliant dynamic QR codes with Razorpay Razorpay
Dynamic Qr Invoices For Gst Compliant Businesses. The purpose of having a dynamic qr code on b2c invoices is to facilitate digital payments. Such dynamic qr code shall be deemed to be the qr code for this purpose.
How to generate GST compliant dynamic QR codes with Razorpay Razorpay
The purpose of having a dynamic qr code on b2c invoices is to facilitate digital payments. 4 of the circular no. Printing of dynamic qr code of upi id on invoices on b2c invoices. Which businesses are required to generate gst compliant dynamic qr codes? The concept of dynamic quick response (qr) code under gst was introduced by cbic through notification no. A dynamic qr code under b2c einvoicing must contain all information relevant to that invoice generation & printing of dynamic qr code under the goods and services tax for business to consumer transactions may have been deferred to the end of june 2021 but taxpayers must consider it an opportunity to understand what is it all about. However there are many configuration options s available. This is applicable to those suppliers whose annual turnover exceeds ₹500 crores when supply is made to an unregistered person. The seller may himself generate a dynamic qr code for this purpose by using a qr code making software. So, in this blog, we will try to explain the dynamic qr code concept under gst.
Purpose of dynamic qr code. In other words, it enables the consumers to make payment using upi by scanning the qr code provided on the invoices. The seller may himself generate a dynamic qr code for this purpose by using a qr code making software. Deputy general manager, ntpc limited. Gst dynamic qr code for b2c invoices: All you need to know to stay compliant. This in line with the rbi’s recommendations to streamline the payments related to b2c transactions. Latest update in qr code under b2c. Printing of dynamic qr code of upi id on invoices on b2c invoices. The concept of dynamic quick response (qr) code under gst was introduced by cbic through notification no. “cbic tweeted that no fine under section 125 of cgst law, shall be levied for not creating dynamic qr (quick response) code on bussiness to customer invoice amid 1st dec 2020, to 30th september 2021”.
