31.03.2021: The CBIC waves the penalty up to Rs. 25000/- till 30th June 2021 for not printing QR code on GST Invoice. This has reference to Notification No. 06/2021–Central Tax dt.30.03.2021. The taxpayers whose turnover is more than 500 crores shall print QR Code from 01st July 2021.
Earlier, the CBIC has extended the QR code generation compulsion on the invoice till 31.03.2021. Thus, the government has made it compulsory to generate a QR code, whose aggregate turnover in a financial year exceeds five hundred crore rupees from 01st October 2020 and then till 31st March 2021. This has reference to the initial Notification No. 14/2020– Central Tax dt. 21.03.2020.
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