Notification No 14/2020- Central Tax dated 21st March, 2020 applicable to a tax invoice issued to an unregistered person by a registered person (B2C invoice) whose annual aggregate turnover exceeds Rs.500 Crores in any of the financial years from 2017-18 onwards. The seller has to print B2C QR Code on the invoice which would allow the customer to pay by scanning the the QR Code.
Under B2C invoices, a taxpayer can generate QR code using their own QR code generating machines and algorithms.
A regular B2C QR code must contain the following details:
The scanning of the dynamic QR code should allow the digital payment by the customer.
Basis | B2B QR Code | B2C QR Code |
---|---|---|
Relevant Notification | Notification No. 68/2019–Central Tax | 14/2020-Central Tax dated 21st March 2020 89/2020 – Central Tax dated 29th November 2020 |
Applicability | Registered persons (GST taxpayers) having an aggregate turnover above Rs. 500 crore in a financial year from 1 Oct 2020. Registered persons (GST taxpayers) having an aggregate turnover above Rs.100 crore in a financial year from 1 Jan 2021. | Registered persons (GST taxpayers) having an aggregate turnover above Rs. 500 crore in a financial year from 1 Dec 2020. The penalty has been waived for non-compliance from 1st December, 2020 to 31st March, 2021, if the taxpayer complies with the provisions from 01st April, 2021. |
QR code to be generated by | Generated by IRP | Generated by the seller himself. |
Facilitation of payment | QR code only gives information | QR code facilitates payment using UPI |
Signed QR Code | Electronically signed QR Code | Not electronically signed |
IRN | Generated along with IRN (QR Code contains IRN) | Not generated along with IRN |
Type of Code | Static QR Code | Dynamic QR Code |
Parties involved | Supplies made by a class of registered persons to other registered persons and exports | Supplies made by a registered person to unregistered persons (also called B2C supplies) |
To know more about B2B QR Code, refer to E-Invoice – Quick Reference Code (QR Code)