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of <h1>Dynamic QR Code Requirement Clarified for High-Turnover Businesses; Exemptions for Certain Services and Export Supplies Explained.</h1> The circular clarifies the applicability of Dynamic QR Codes on B2C invoices as per Notification 14/2020-State Tax for businesses with an annual turnover exceeding 500 crore rupees. It specifies that such QR Codes are not required for certain services like banking, insurance, and transport, or for export supplies treated as B2B. The QR Code must include details like GSTIN, UPI ID, and invoice value. Compliance is achieved if payment details are cross-referenced on the invoice, even if the QR Code is not used. The circular applies from February 23, 2021, and addresses any implementation issues.
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