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of <h1>Dynamic QR Codes Required on B2C Invoices for Large Taxpayers; Penalties Waived Until June 30, 2021</h1> The circular clarifies the applicability of Dynamic QR Codes on B2C invoices as per Notification No. 14/2020-Central Tax. It mandates QR Codes for taxpayers with turnovers above 500 crore rupees from December 1, 2020, with penalties waived for non-compliance until June 30, 2021. Key clarifications include: invoices to UIN holders require QR Codes; UPI ID suffices without additional bank details; authorized collectors' UPI IDs can replace suppliers' in QR Codes; invoices for services to foreign recipients with domestic supply locations don't need QR Codes; and unique order IDs can substitute invoice numbers in retail transactions. Adjustments for part-payments are also addressed.
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