Dynamic QR code if payment received by adjustment

[KARAN VERMA]

Sir, dynamic QR code applicable on me because sale more than ₹ 500 crores.

My question is if i am receiving 100% advance amount in cash before issuing invoice, whether I need to comply with QR code on invoice.

Further, if I m not receiving cash from customer and adjust such transaction amount with credit balance of such customer because he is already my supplier. Suppose I m purchase from him ₹ 500 and sale to him one minor item for ₹ 100 and paid him net ₹ 400. In such case, i m not receiving any money from him on account of sale, then whether still I need to issue QR code invoice.

[Shilpi Jain]

If cross reference of the payment received either through electronic mode or through cash or
combination thereof is made on the invoice, then the requirement of DQR has been complied with as per the circular issued

[Shilpi Jain]

However if the payment reference is not given in the invoice then the QR code will have to be generated

[Ganeshan Kalyani]

It is advisable to comply with dynamic quick response code requirement by printing the code on the face of the invoice. It avoids all sort of doubts and query with respect to said Code.

AI Summary

Dynamic QR code requirement applies where payment is received; include payment reference on invoice to avoid separate QR Requirement of Dynamic QR code applies where payment has been received; if the invoice cross-references the payment received (electronic, cash, or combination) the QR obligation is met, but absent any payment reference the dynamic QR must be generated and printed on the invoice to avoid compliance doubts.