APPLICABILITY OF DYNAMIC QR CODE FOR B2C INVOICES COMPLIANCE

The Indian government has mandated the use of dynamic QR codes on B2C invoices from December 1, 2020.

Dynamic QR codes contain important information such as GSTIN, invoice number, and amount.

The use of dynamic QR codes will make it easier for consumers to verify the authenticity of invoices.

Businesses will need to update their billing systems to generate dynamic QR codes on B2C invoices.

The use of dynamic QR codes will also help the government in tracking tax evasion and improving compliance.

Businesses that fail to comply with the mandate may face penalties and legal action.

Overall, the use of dynamic QR codes on B2C invoices is a positive step towards improving transparency and compliance in India.