How to generate GST compliant dynamic QR codes with Razorpay Razorpay
Dynamic Qr Invoices For Gst Compliant Businesses. Our qr code contains upi id of bank, invoice number, invoice date, bill amount, gst amount and gst number of seller. Moreover, the government has decided to launch the dynamic qr code concept from 1 st december 2020.
“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”. 4 of the circular no. Deputy general manager, ntpc limited. 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. So, in this blog, we will try to explain the dynamic qr code concept under gst. The concept of upi qr code is being followed by digital payment processors and is also available under the income tax law. 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. This is applicable to those suppliers whose annual turnover exceeds ₹500 crores when supply is made to an unregistered person. Such dynamic qr code shall be deemed to be the qr code for this purpose.
So, in this blog, we will try to explain the dynamic qr code concept under gst. All you need to know to stay compliant. Such dynamic qr code shall be deemed to be the qr code for this purpose. However there are many configuration options s available. It’s a known fact that the government has been pushing for a wide variety of digitisation and automation measures in the country. Deemed compliance of dynamic qr code. Deputy general manager, ntpc limited. And more from 1st january 2021 onwards (gst notification. 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. In other words, it enables the consumers to make payment using upi by scanning the qr code provided on the invoices. Purpose of dynamic qr code.
