Notification No. 14/2020-Central Tax dated 21st March 2020 (amended) mandates entities with aggregate turnover > Rs. 500 crores in any preceding financial year from 2017-18 onwards, to include a dynamic Quick Response Code (QR Code) on their B2C invoices. It is also specified that a Dynamic QR code made available to buy through a digital display (with payment cross-reference) shall be deemed to be having a QR code.
The Dynamic QR Code is not relevant to ‘e-invoicing,’ as envisaged under Rule 48(4). The said rule applies to B2B Supplies and exports by notified class of taxpayers.