As per Notification No. 14/2020 – Central Tax dated 21.03.2020, CBIC had notified that a registered person, whose aggregate turnover in a financial year exceeds five hundred crore rupees, other than those referred to in sub-rules (2), (3), (4) and (4A) of rule 54 of CGST Rules, 2017, shall issue B2C invoice having Dynamic Quick Response (QR) code w.e.f. 1st October, 2020.
CBIC vide Notification No. 71/2020 – Central Tax dated 30.09.2020 has extended the date of application of the said provision w.e.f. 1st December, 2020. Further, for applicability of the provision, aggregate turnover shall be checked for each financial year beginning from F.Y. 2017-18 & if the aggregate turnover is exceeding ₹ 500 crores in any financial year then the said provision shall be applicable.