Quick Summary
The Central Board of Indirect Taxes and Customs has issued a clarification in respect of applicability of Dynamic Quick Response (QR) Code on B2C invoices and compliance of notification 14/2020 - Central Tax dated 21st March 2020. It is observed that from the present wording of S. No. 4 of Circular No. 156/12/2021 dated 21st June 2021, doubt arises whether the relaxation from the requirement of dynamic QR code on the invoices would be available to such supplier, who receives payments from the
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FAQ :
The CBIC has clarified the applicability of dynamic QR codes on B2C invoices, specifically addressing situations where payments are received from recipients located outside India.
This clarification affects suppliers issuing B2C invoices who receive payments from recipients located outside India through RBI-approved payment modes.
No, the clarification states that if the recipient is located outside India, the place of supply is in India, and payment is received in convertible foreign exchange or permitted Indian Rupees, a dynamic QR code is not required on the invoice.
The doubt arose whether relaxation from dynamic QR code requirement was available to suppliers receiving payments from outside India not in foreign exchange, but via RBI approved modes.
The dynamic QR code cannot be used by the recipient located outside India for making payment to the supplier, hence it is not required in such cases.
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