18 Dec 2019Posted By: Mudit Handa


GST E-invoicing with QR Code mandatory for Large Businessmen

The GST department has introduced numerous interactive features on the GST portal, so as to make it more user-friendly for the taxpayers having GST registration. Recently, the GST authority has brought the GST e-invoicing feature on the GST portal.

The Central Board of Indirect Taxes and Customs (CBIC) has clearly notified that the GST e-invoicing on the common portal (GST portal) is now compulsory for all the large scale taxpayers having the GST registration, whose aggregate turnover in a financial year is beyond ₹100 crores. 

Read the 

The GST department has now introduced a concrete measure to ensure standardization of the GST invoices of the large scale businessmen. CBIC has notified that the B2C GST invoice issued by a businessman having GST registration, whose aggregate turnover in a financial year is beyond 500 crores, to an unregistered person (URD), must have a Quick Response (QR) code.

Read the 

 

1. Which invoices shall have the QR code?

As per the notification issued by the GST Authority, those GST e-invoices must bear a QR Code that are issued by a businessman who has GST registration, and whose aggregate turnover in a financial year is above 500 crores, to an unregistered dealer. Such invoices are referred to as B2C invoices.


2.  What is the purpose of the QR code on the B2C invoice?

The main purpose behind the introduction of the QR code on the B2C invoices is to speed up the invoice tracking and payment process. Now, the QR code-based invoices can be easily scanned and payment can be made instantly by the customer. 


3. How will the QR code on the B2C invoice work?

As discussed above, the QR code over the B2C invoice is for ensuring the quick response and fast payment. Wherever such B2C invoice bearing QR Code is issued by a registered person registered to a URD dealer, the Quick Response (QR) code will be available to the recipient through the digital display. This QR code will help in cross-reference of the payment made by the recipient of the goods.

4. When will the QR code feature on the B2C invoice be made effective?

The Central Board of Indirect Taxes and Customs (CBIC) has notified that this new feature of QR code on the B2C invoice shall go live from the 1st of April, 2020.

Know more about the E-invoicing feature on the GST portal.

However, we can also help you in raising the GST invoice easily for the purpose of the GST return filing procedure on Instabill.

The Taxpayers can, however, instantly create GST Tax Invoice through the InstaBill Software.

 

If you need any further assistance with respect to the GST return filing procedure, please feel free to contact our business advisor at 8881-069-069.

Download E-Startup Mobile App and Never miss the latest updates relating to your business.

Give a Reply

E-startupIndia Mobile App

Get latest update in your
pocket!

Download our free Android App and get realtime update on your order status.
Easily connect with our professionals handling your order over chat & mobile.
Never miss business compliances due date with advance notifications.

Get E-startupIndia in your mobile

Why choose E-startup India

e-startupindia member of CII

E-startupindia is a Proudly Member of Confederation of Indian Industry.The CII is a premier business association in India which works to create an environment conducive to the growth of business industry.

e-startupindia certified #Etstartupindia

E-Startup India is duly certified under GOI's Startup India scheme and is renowned for our tech-driven solutions for business & legal services requirements for MSMEs.

e-startupindia  ZOHO Alliance Partner

E-startupindia is an affiliate alliance partner of ZOHO. Zoho Corp is famously known as an operating system of the business. It facilitates solutions to all the business problems in today's digital era.

e-startupindia Google Partner

E-Startup India is a Google Partner, which implies we are rigorously involved in assisting SME businesses to market their presence in the digital world.

IN THE MEDIA

CONNECT WITH US