As per the GST Notification 72/2020 dated 01-10-2020, it is mandatory for businesses to include the QR Code on E-invoices under GST regardless of whether the invoice is sent electronically over email or a physical printed copy.
Here is a specimen of a B2B invoice with QR code
Benefits of a B2B QR Code for E-invoice Under GST
E-invoicing under GST has proved to be a boon for a digital India. It is an efficient way to generate, track, and verify invoices and e-way bills. Moreover, it is also increasingly helping invoice automation tools, cashflow lending, and invoice discounting for organizations.
The QR Code is meant to ease up the e-invoicing process. It will eradicate the need of retrieving some essential information from external sources. The B2B QR Code will also eliminate manual data verification. Furthermore, it will help the tax officers validate the authenticity of an invoice without looking it up in the GST portal for every invoice.
IRIS IRP is the Govt. recognized Invoice Registration Portal (IRP) for businesses to prepare invoices
With IRIS IRP, you can prepare a single e-invoice via our tool or bulk generate IRN through the excel utility, pull IRN in your ERP via API Integration or custom print invoices using an awesome cloud platform!
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IRIS IRP is the Govt. authorized Invoice Registration Portal (IRP) for businesses like yours to prepare e-invoices. Schedule a free call with us and start generating IRN promptly