As per my knowledge taxpayers having turnover of above 500 cr in any F.Y from 2017-18 needs to generate QR code for B2C invoices.
But it was deferred to a certain period. I think it is currently applicable if turnover exceeds specified limit in F.Y. 2021-22. Can anyone confirm it.
Also can someone refer me the Latest notification/circular related to this.
Thanks
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Replies (1)
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B2B: If your AATO is > ₹5 Crore, you must use the government's e-invoice system (which generates an IRN and a QR code).
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B2C: If your AATO is > ₹500 Crore, you must self-generate and display a Dynamic QR code on your B2C invoices to enable digital payments.
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