UPI Based Dynamic QR Code on B2C Invoices & Solution by Our Eco-system

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UPI based dynamic qr code on b2b in voices solution
Tally Solutions | Mar-24-2021

Notification mandating dynamic QR code on B2C invoices

In reference to Notification No. 14/2020-Central Tax dated 21st March, 2020 and circular No. 146/02/2021-GST regarding self-generated dynamic QR code on B2C invoices. 

The notification mandates entities with an aggregate turnover exceeding Rs. 500 crores in a FY to include a QR code on their B2C invoicesIt was also specified that a Dynamic Quick Response (QR) code made available to buyer through the digital display (with payment cross-reference) shall be deemed to be having a QR code. In this case, the QR Code is generated by the supplier himself.

The purpose of this notification is to enable and encourage digital payments where buyers can scan the dynamic QR code and make payment from mobile wallet directly. Today, many shops have static QR code at the payment counter, which is scanned by the buyer, but the buyer has to enter the amount to be paid to the shop (in the mobile payment App). The dynamic QR code, on the other hand, will have the payment details and thus ‘scan and pay’ in one go will be possible.

This requirement has no relevance or connection with e-invoicing mandated for B2B Supplies and exports by notified class of taxpayers.

Business applicability

This notification is applicable to all tax invoices issued to an unregistered person by a registered person (B2C invoice) whose annual aggregate turnover exceeds 500 Cr rupees in any of the financial years from 2017-18 onwards. This was expected to come into effect on October 1st, 2020, was then postponed to December 2020. On December 2020 it came into effect however was not made mandatory and the dealers were not going to be penalized for non-compliance, provided they make themselves compliant from 1st April 2021.

With the recent notification, businesses will not be penalized for non-compliance till 30th June,2021 provided businesses comply with the provisions from 1st July,2021

To know more read 'Dynamic Quick Response (QR) Code on B2C invoices'

Services/ businesses exempted from dynamic QR code

There are certain types of services or businesses that are exempted from this i.e.:

  • An insurer or a banking company or a financial institution, including a non-banking financial company
  • A goods transport agency supplying services in relation to transportation of goods by road in a goods carriage
  • Supplying passenger transportation service
  • Supplying services by way of admission to exhibition of cinematograph in films in multiplex screens
  • OIDAR supplies made by any registered person to an unregistered person

Details that need to be captured in dynamic QR code

As regards to the supplies made for exports, though such supplies are made by a registered person to an unregistered person, however, as e-invoices are required to be issued in respect of supplies for exports

  • Supplier GSTIN number
  • Supplier UPI ID
  • Payee’s Bank A/C number and IFSC
  • Invoice number & invoice date
  • Total Invoice Value and
  • GST amount along with breakup i.e. CGST, SGST, IGST, CESS etc.

Plan of action from Tally

As an organization, we are committed to serve our customer base and ensure that they are compliant in every possible way.

We are working to provide a solution that is more holistic and generic for digital payment collections. This will not only solve the requirements of businesses with turnover of Rs. 500 crore and above, but will also serve other businesses looking to help their customers make payments easily through the digital platform using QR code or payment links. Our solution will also ensure that businesses are able to reconcile the payments received through such medium by importing information shared by the digital platforms. This solution will also support the partial payments and generation of new link for the same invoice for other partial payment. We will be able to elaborate more on this once we get closer to the launch of this solution.

For our customers looking for an immediate solution, due to the applicability of this law from 1st of April 2021, our solution partners have created an Add-on, using which it will be possible to print 'Dynamic QR Code' for UPI Payments on B2C invoices. Following is the list of our partners who have done the add-ons, along with highlights of the solution. You may connect with them to get further details.

Solution from our partners

Anita International

Address & Contact details

147 Sector-7, Channi Himmat, Jammu-180015

State: Jammu & Kashmir

Contact person: Mr. Rahil Choudhary

Contact number: 9796504444

Email:sales@anitainternational.com

 
Features
  • UPI based solution, seamless integration with Google Pay, Paytm, PhonePe, BHIM etc
  • Picks the Dynamic amount from the invoice, no manual entry required

Read more+

Saraswati Accountants Software Pvt Ltd

Address & Contact details

807, Vikrant Tower, Rajindra Place , Delhi- 110008

State: New Delhi

Or

M 27, Sector 14, Gurgaon

State: Haryana

Contact person: Ms. Vishali Sharma

Contact number: 9891988008

Email:Vishali@saraswatiaccountants.com

Contact person: Mr. Vikas Gupta

Contact number: 9891916000

Contact person: Manish Gupta

Contact number: 9810178771

Email:Manish@saraswatiaccountants.com

 
Features
  • Printing of Dynamic QR CODE of UPI id on Invoices on B2C Invoices.
  • Our QR code contains UPI id of Bank, Invoice Number, Invoice date, Bill Amount, GST amount and GST number of Seller.

Read more+

G Seven Computer Business Pvt Ltd

Address & Contact details

108, Gupta Tower, Commercial Complex, Azadpur, Delhi- 110033

State: New Delhi

Contact person: Mr. Niranjan

Contact number: 9311321325

Email:niranjan@gseven.in

 
Features
  • UPI QR code on print which is compulsory on all B2C invoices w.e.f. 01-04-2021
  • Multiple bank wise UPI QR code supported in single company data.

Read more+

Excellence Solutions

Address & Contact details

#174, 2nd Floor, 3rd Cross, Balaji Layout, Mallathahalli, Bengaluru - 560056.

State: Karnataka

Contact person: Mr. Kiran Prasad

Contact number: 9886265613

Contact person: Mr. Mahesh

Contact number: 9845343636

Contact person: Ms. Pushpa

Contact number: 9343243636

Email:kiranprasad64@gmail.com

 
Features
  • QR code will be printed on Sales invoice, PoS Invoice and Debit Notes.
  • The QR Code can be scanned from Payments Apps like Google Pay, PhonePe etc.
Scaleup Anchors

Address & Contact details

No.111, 3rd Floor, Wellington Paradise, Manipal County Road, Singhasandra, Bangalore - 560068

State: Karnataka

Contact person: Mr.Ranganath / Mr.Sridhar R

Contact number: 9663384469 / 9972595036

Email: support@scaleupanchors.com

 
Features
  • UPI based solution, seamless integration with Google Pay, Paytm, PhonePe, BHIM etc

Read more+

Nandini Infosystems

Address & Contact details

O-107, DLF SHOPPING MALL, DLF - 1, GURGAON

Contact person: Mr.Anshul Agarwal

Contact number: +91 9211721076

Email: anshul@nandiniinfosystems.com

 
Features
  • Picks up the requisite details from the Invoice automatically for B2C invoices and prints the QR Code on the invoice

Read more+

HBS Solutions Pvt Ltd

Address & Contact details

239, Ghalib Apartments, Pitampura, New Delhi 110034

Contact person: Mr. Yogendra &  Puneet Rohilla

Contact number: 9899832347, 9953779000, 011-47100300

Email: tally@hbsmail.in

 
Features
  • The QR Code can be scanned from Payments Apps like Google Pay, PhonePe, Paytm etc
  • Bank wise UPI QR code supported and can be selected at the time or fix the same in voucher type
  • Supported in default print formats of Sales and Debit note

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