The government has deferred the requirement of printing dynamic Quick Response code on business to consumer invoices by two months till Dec. 1. A QR Code help users verify the details in the digitally signed e-invoice.
It has also provided a temporary relief to those companies having turnover above Rs 500 crore which have not been able to fully implement e- invoicing systems in a ready state.
The Central Board of Indirect Taxes and Customs said in a media statement that invoices issued by such companies during the month of October will be considered valid even if they don’t follow e-invoicing specifications, and any penalty will stand waived subject to certain conditions. To avail this benefit, companies must generate an invoice reference number from the dedicated e-invoicing portal within 30 days of the date mentioned on the invoice.
For instance, if a registered business issues an…