CBIC defers the implementation of Dynamic QR Code on B2C invoices till 1st day of December, 2020

Central Board of Indirect Taxes and Customs (CBIC) has issued Notification No. 71/2020 dated 30th September, 2020 to further amend the Notification No.14-CT dated 21st March, 2020 to defer the date of implementation of requirement to have dynamic QR code on B2C invoices till 1st day of December, 2020 instead of 1st day of October, 2020 and to notify the class of registered person who shall be required to have dynamic quick response code (QR Code) in the invoice issued in respect of supply of goods and/or services to a unregistered person.

According to the amendment in the Notification, the registered persons whose aggregate turnover in any preceding financial year from 2017-18 onwards exceeds five hundred crore rupees shall be required to have dynamic quick response code (QR Code) in the invoice issued in respect of supply of goods and/or services to a unregistered person. Prior to this amendment, “in the financial year” was mentioned which has now been replaced by “in any preceding financial year from 2017-18 onwards” to avoid ambiguity.

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