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)