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[Citation: M/s Amneal Pharmaceuticals Private Limited, Gujarat Appellate Authority for Advance Ruling dated March 8, 2021 (GUJ/GAAR/APPEAL/2021/07)]
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All supplies made to unregistered persons or consumers are referred to as B2C transactions. B2C invoices are those invoices where the end-user will not be claiming input tax credit (ITC). As of now, B2C invoices are exempt from e-invoicing. However, a taxpayer is required to generate a dynamic QR code for enabling digital payments on all B2C invoices
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.jpg "HSN Code for tax invoices w.e.f. 01st April 2021 made mandatory")
E-Invoicing has been made applicable from 01st October 2020 to all the businesses having aggregate turnover more than Rs.500 crores in any of the preceding financial years from 2017-18 to 2019-20. Further, from 01st January 2021, E-Invoicing will apply to businesses exceeding Rs.100 crores turnover in any FYs between 2017-18 to 2019-20, as specified via Notification No. 88/2020 –Central Tax.
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Extension on penalty waiver for non-compliance of QR Code till 30.06.2021
Earlier, Notification No. 14/2020-CT dated 21.03.2020 stated that the registered persons having an aggregate turnover of more than Rs. 500 crores in a financial year issuing the invoice to unregistered person (i.e. B2C invoice), shall provide dynamic QR code on such invoice.
