CBIC exempts banks, financial institutions, exports from dynamic QR Code on e-invoices

Dynamic QR code for B2C transactions is meant to encourage digital payments by the buyers but can potentially be used to check tax leakages as well. It would have an impact on all consumer facing businesses including retail, restaurants, hotels and so on. Therefore, industry had sought clarity on several aspects including exemption of dynamic QR code applicability in case of transactions with the customer located outside India.

from Economy-News-Economic Times https://ift.tt/3qSlYGp