GST Updates

NOTIFICATIONS – CENTRAL TAX:

l   Notification No. 06/2021 – Central Tax dated 30th March, 2021.

An invoice issued by a specified registered person, whose aggregate turnover in a financial year exceeds five hundred crore rupees to an unregistered person shall have Dynamic Quick Response (QR) code. It is also provided that where such registered person makes a Dynamic Quick Response (QR) code available to the recipient through a digital display, such B2C invoice issued by such registered person containing cross-reference of the payment using a Dynamic Quick Response (QR) code, shall be deemed to be having Quick Response (QR) code. This Notification seeks to waive penalty payable for non-compliance of this provisions between 01/12/2020 to 31/03/2021 subject to the condition that the said person comply with the provisions of the said Notification from 01/07/2021.

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