The Central Board of Indirect Taxes and Customs (CBIC) has issued a notification on 29th November 2020.
According to the notification, Board has waived penalty on non-implementation of dynamic quick response (QR) code provisions for business-to-consumer (B2C) e-invoices generated by businesses from 1st December 2020 till 31st March 2021, which is mandatory for companies over Rs 500 crore turnover.
Further, the Board said that the waiver will be applicable subject to the condition that compliance will be necessarily undertaken from April 1, 2021.
Click here for official notification
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