Govt waives penalty for non-compliance with QR code provisions for B2C transactions

The government has waived the penalty for non-compliance with QR code provisions for B2C (business-to-consumer) invoices generated by businesses till March 31, 2021.

However, it would be mandatory for businesses to follow the QR code provisions from April 1, 2021, to avail of this penalty waiver.

The requirement of printing dynamic QR codes on B2C invoices is being implemented from December 1. Quick Response code or QR code helps users verify the details in digitally signed e-invoices.

Under the Goods and Services Tax (GST), companies with a turnover of over Rs 500 crore have to generate e-invoices for B2B (business-to-business) transactions from October 1. However, it is not yet mandatory for B2C transactions.