Dynamic QR Code for B2C Transactions:
B2C transaction means all the supplies made to unregistered person or consumers. B2C invoices are those invoices where the end user will not be claiming input tax credit.
E-invoicing refers to a method of processing invoices in an electronic format and on a united platform between buyers and suppliers. It is an electronic invoicing system under which GSTN electronically authenticates all B2B invoices. The invoice registration portal which is operated by the GST Network, will assign an identification number against each invoice under an electronic invoicing system. All invoices details will be forwarded in real time from this platform to GST portal. E-invoicing applies only to B2B invoices and as of now B2C invoices are exempt from e- invoicing but now the law requires certain entities to generate dynamic QR code for enabling digital payments on all B2C invoices. It is applicable for B2C transactions not for B2B.
Source Taxguru
For all other newsitems related to the QR code on invoices, click HERE
