Abbreviated as a QR code, a Quick Response code is a two-dimensional barcode applied to various items to access their information in a machine-readable format.
The earlier process of retrieving the entire information about an invoice through an external source is now replaced by this QR code. The QR code in e-invoicing provides all the information about the invoice quickly.
Why a QR code?
Introducing a system is only profitable when it comes up with some abundant benefits for the users. So, knowing what can be accessed through a QR code and how it can help a user, can actually increase the adaptability of the new technology in the users.
What can be accessed through a QR code?
There is certain information that can be accessed through the QR code. Once you scan the QR code this information can be read.
After knowing the details of the QR code, one question that often interests people is: Where is the QR code generated?
To understand the QR code in e-invoicing, we further need to understand, where the QR code will apply?
As the government has started implementing the e-invoicing system making it mandatory for the business arena to follow the new rules. So, the system in which the e-invoicing has started has also started fixing a QR code in the e-invoice file. However, there may be variations in QR code adaptability in B2C invoices.
QR code in B2C invoices
The B2C QR code is to be self-generated by the taxpayers. In B2C e-invoices IRN is not required. If this B2C invoice is sent to IRP it gets rejected. So, the QR code in B2C e-invoices is to promote the digitalizing of the payments through UPI.
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