Thu, 07/01/2021 – 12:30
Central Board of Indirect Taxes and Customs (CBIC) issued Notification no. 28/2021- Central Tax dated June 30, 2021 extending the applicability of Dynamic QR Code on B2C invoices from July 1, 2021 to September 30, 2021.
Accordingly, no penalty is applicable under S. 125 of Central Goods & Services Tax Act, 2017 during the period December 1, 2020 to September 30, 2021.
As you are aware, NASSCOM has been pursuing this issue with the GST Policy Wing to consider extension of Dynamic QR Code and made a representation on June 11, 2021. Our representation can be accessed from the link provided here.This move will provide a huge relief to the industry.
We hope you will find the update useful.
Copy of the notification is attached for your reference.