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GST Update – Issue of Circular to clarify certain aspects relating to Dynamic QR Code

Blog: NASSCOM Official Blog

The Central Board of Indirect Taxes and Customs (CBIC) recently issued a Circular No. 146/02/2021-GST dated February 23, 2021 to clarify certain aspects related to applicability of Dynamic Quick Response (QR) Code on B2C invoices

It is important to note that dynamic QR code, in terms of Notification No. 14/2020-Central Tax, dated 21 March 2020 is required to contain the following information:

  1. Supplier GSTIN number
  2. Supplier UPI ID
  3. Payee’s Bank A/C number and IFSC
  4. Invoice number & invoice date,
  5. Total Invoice Value and
  6. GST amount along with breakup i.e. CGST, SGST, IGST, CESS, etc.

Further, Dynamic QR Code should be such that it can be scanned to make a digital payment.

The circular also clarifies that:

Copy of the circular is attached for your reference.

The post GST Update – Issue of Circular to clarify certain aspects relating to Dynamic QR Code appeared first on NASSCOM Community |The Official Community of Indian IT Industry.

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