The CBIC explains the use of dynamic QR codes on B2C invoicing
The Central Board of Indirect Taxes and Customs (CBIC) clarified the Dynamic Quick Response (QR) Code’s applicability on B2C invoices. The Board has issued a Central Tax Notification dated March 21, 2020, requiring Dynamic QR Code on B2C invoices issued by taxpayers with an aggregate turnover of more than 500 crore rupees, effective December 1, 2020.
For the period from 01 December 2020 to 30 June 2021, the penalty for non-compliance with the requirements of Notification by Central Tax has been lifted, subject to the condition that the said person complies with the conditions of the said notice from 1 July 2021.
The Board has clarified that anyone who has obtained a Unique Identity Number (UIN) in accordance with the provisions of Sub-Section 9 of Section 25 of the CGST Act 2017 is not a “registered person” as defined in section 2(94) of the CGST Act 2017. As a result, any invoice sent to such a person with a UIN will be treated as a B2C supply invoice and will be obliged to conform with the Dynamic QR Code requirements. Because the UPI ID is linked to the payee’s/bank collector’s account, separate bank account and IFSC information may not be included in the Dynamic QR Code.
When payment is collected by someone authorized by the supplier on the supplier’s behalf, the UPI ID of that person may be used instead of the supplier’s UPI ID in the Dynamic QR Code. The Board stated that an invoice may be issued without a Dynamic QR Code to a recipient located outside India for the supply of services for which the place of supply is in India, as per the provisions of the IGST Act 2017, and the payment is received by the supplier in foreign currency, through RBI approved mediums. As a result, the recipient outside of India will be unable to pay the supplier using the dynamic QR code.
In circumstances where the invoice number is not available at the time of digital display of dynamic QR code in over-the-counter sales and invoices are generated after payment is received, the unique order ID/ unique sales reference number is used instead, which is uniquely linked to the invoice issued for the said transaction, may be provided in a Dynamic QR Code for digital display, as long as the details of such unique order ID/ sales reference number linkage with the invoice are available on the merchant/ supplier’s processing system, and the cross-reference of such payment with unique order ID/ sales reference number is also provided.
The goal of dynamic QR Codes, according to the Board, is to allow the recipient/customer to scan and pay the amount due to the merchant/supplier for the said supply. When part-payment for any supply has already been received from the customer/recipient, whether in the form of an advance or an adjustment via a voucher/discount coupon, etc., the dynamic QR code may provide further information. On the invoice, details of the overall invoice value, and data/cross-references of any part-payment, advance, or adjustment made, and the remaining amount to be paid, should be supplied.
AMENDMENT IN MINIMUM WAGE RATES IN DELHI
The government of the national capital territory (NCT) of Delhi has updated the minimum wages rates in scheduled employments under the minimum wages act, 1948 in the national capital territory (NCT) of Delhi. The dearness allowance will be paid on April 1st and October 1st, respectively, based on six-monthly average index numbers from January to June and July to December.
Now, the government of the National Capital Territory of Delhi has announced the Dearness Allowance, which would be payable to all categories on April 1, 2021.
The dearness allowance has increased the monthly salary of unskilled laborers from Rs 15,492 to Rs 15,908. Monthly salaries for semi-skilled workers have been increased from Rs 17,069 to Rs 17,537. Wages for skilled workers have been raised from Rs 18,797 to Rs 19,291 per month. Additionally, the supervisory and clerical minimum salary rates have been enhanced. Non-matriculate employees’ monthly payment has been raised from Rs 17,069 to Rs 17,537, while matriculate employees’ wages have been raised from Rs 18,797 to Rs 19,291. The monthly remuneration for graduates and those with higher educational credentials has been enhanced from Rs 20,430 to Rs 20,976.