The Central Board for Indirect Taxes and Customs has issued a notice extending the waiving of the penalty that was applicable if taxpayers failed to capture the dynamic QR code on a GST invoice. All GST invoices issued between December of 2020 and June of 2021 are required to comply with the requirement of capturing a dynamic QR code in the tax invoice. Non-compliance would lead to a penalty.
However, the CBIC has extended the waiver until June 30th 2021 giving taxpayers some more time to incorporate and adapt to the new invoicing systems. In November 2020, the CBIC had waived off the penalty for not capturing a QR code on business to customer invoices until March 31st 2021.
This also means that the printing of a dynamic QR code on the GST invoice will be deferred till June 30th, 2021
Source Avalara
Latest Posts in "India"
- Zero GST on Health Insurance Drives 38% Surge in Demand, Report Finds
- AAR Rules GST Applies to Small Packaged Shrimp Exports, Citing Retail Packaging Criteria
- Supreme Court to Decide if Leasehold Rights Transfer is Taxable Under GST Law
- Only Entity Named as Exporter in Customs Documents Can Claim Service Tax Refund: CESTAT
- CESTAT: Testing Services to Foreign Clients Qualify as ‘Export of Services’ under FTDR Act
