Notification No.: 71/2020 – Central Tax
Date of Notification: 30th September 2020
Relevant Sections and Rules:
- Central GST Rules, 2017:
- Rule 46 (Sixth Proviso) – Tax invoice content exemptions for specific classes of taxpayers
- Amends:
- Notification No. 14/2020 – Central Tax, dated 21st March 2020
Summary of Notification
- Expansion of Invoice Relaxation Period – Rule 46 Proviso Amendment:
This notification amends Notification No. 14/2020 – Central Tax to widen the scope of exemption from mentioning Dynamic QR Code on invoices issued by certain registered persons.
🆕 Instead of applying to just “a financial year”, the exemption will now apply to “any preceding financial year from 2017-18 onwards”, giving broader retrospective benefit to eligible taxpayers.
- Extension of Cut-Off Date for QR Code Compliance Exemption:
The second amendment postpones the applicability date of mandatory QR Code compliance.
📅 The effective date has been shifted from 1st October 2020 to 1st December 2020, providing more time for businesses to adapt to the e-invoicing and QR Code requirement mandates.
